Over the past nine years, the time it takes to construct a multifamily building increased from 18 months to just over two years, compounded by supply chain issues and work stoppages during the pandemic.
Multifamily Construction Timeline Hits Record 25-Month High
Longer Development, Limited Groundbreaking Might Cause Supply Shortage in 2026
By Jay Lybik
CoStar Analytics
February 9, 2024 | 11:42 P.M.
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- Properties
- The Quin
2450 Plum Grove Rd, Schaumburg, IL