Jersey City Set to Add Nearly as Many Apartments as Manhattan in 2024

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https://jerseydigs.com/jersey-city-r...truction-2024/

While few observers would doubt the tremendous growth of Jersey City in recent years, a recent analysis demonstrates that the number of new residents being added in 2024 will once again be on par with Manhattan’s additions.

RentCafe recently released a study gauging the growth nationwide of American cities in terms of apartments being added. The company found the New York metro to be the nation’s top construction powerhouse, as the area is set to deliver a staggering 32,935 units this year.

The top spot in terms of added apartments is the sprawling borough of Brooklyn, which will add a total of 9,379 new homes. Manhattan came in second place for 2024, as 2,979 new units are expected to hit the market.

Just a tick behind is Jersey City, which was determined to be adding 2,412 units this year. That number arguably represents a bit of a downgrade for the biggest spot in Hudson County, as Jersey City has more than occasionally created more housing units than Manhattan in recent years and is the state’s fastest-growing city in the New Jersey’s fastest-growing county per the 2020 census.

The total number of apartments being added this year by Jersey City is twice as many than are being built in Queens, which encompasses a significantly larger geographic area.