KANSAS CITY, Mo. — The Kansas City metro is bucking a national trend of a steep decline in the value of commercial buildings and multifamily housing construction starts in 2020.
Nationwide, construction starts totaled $193.4 billion, down 20% compared with 2019, according to Dodge Data & Analytics. The New Jersey-based company, which provides commercial construction project data, market forecasting and analytics, analyzed the 20-largest metropolitan areas.
Only three metros posted gains during 2020: Kansas City, Phoenix and Denver.
Phoenix saw the largest increase in construction starts dollars, with 32%, followed by Kansas City, 20%, and Denver, 17%.
In 2020, developers unveiled transformative plans for visible buildings and properties not just in downtown Kansas City but throughout the area. 2021 looks to be no different.