In Depth: Apartment Construction Booms In KC Area

Courtesy of Creative Commons
The Kansas City metro area saw a 62 percent jump in the number of apartment units built in 2013. | Photo courtesy of Creative Commons

The Kansas City metropolitan area is coming off its biggest apartment construction year since before the recession, with 2,900 units built in 2013, up 62 percent from the previous year. About 7,000 more new apartment units are expected over the next couple of years, fueled in part by what’s called the renter-by-choice market — people who can afford to buy but choose to rent.

And that growth doesn’t include all the older buildings being converted to hundreds of apartments, still the major source of additional rental housing downtown. The Cordish Co. also is expected to break ground this year on a 25-story apartment tower with 311 units, the first high-rise residential building to be constructed downtown in a generation.

The apartment boom is coming at the same time the local housing industry is coming off a robust year, with more than 4,000 permits issued for single-family homes and average sales prices up for new and existing homes.

Read more from the Kansas City Star


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