By InBusiness Phoenix
The newest study published by CommercialCafe analyzes how much vacant land is available in 20 of the most populous urban centers in the U.S while also highlighting the construction activity in each area.
For this, the team estimated undeveloped land sizes using the most recent data made available by Property Shark and online government records, and identified local initiatives maximizing land use from CommercialEdge data.
Here are some of the key takeaways:
- Phoenix ranks 3rd for its vacant land available with a total of 53,022 acres spread across 15,897 parcels.
- The average parcel size for the vacant land currently available is 3.34 acres.
- At a regional level, 7 cities from the Western region rank among the top 20 with the most vacant land. Of those, Phoenix lands highest while San Francisco places lowest on the list.
- Among the 20 cities, there are 516,980 acres of land currently still awaiting development – with the average lot size resting at roughly 1.22 acres. Of those, cities across the South and Southwest boast tens of thousands of acres of undeveloped lots each.
Find out more information about this topic in the full study here.
