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Met Council presents 2024 development‑along‑transit report: 44% of multifamily permit value near high‑frequency transit
Summary
Michael Krantz, senior manager for Transit‑Oriented Development, and Amy Yoder, a planner in the Transit Oriented Development Office, presented highlights from the Council's 2024 Development Trends Along Transit report, which uses permit data through 2023.
Michael Krantz, senior manager for Transit‑Oriented Development, and Amy Yoder, a planner in the Transit Oriented Development Office, presented highlights from the Council's 2024 Development Trends Along Transit report, which uses permit data through 2023.
The report found that since 2009, developments near high‑frequency transit accounted for about 44% of the region's multifamily permit value and 44% of commercial permit value while covering only about 3.4% of the region's land area. Amy Yoder said, "In 2023 we saw 42% of the region's permit value located near high frequency transit with 4,180 multifamily units." She stressed that the dataset for the report is permit data and that the most recent full year available in the report is 2023.
Yoder described how the analysis defines "near transit": a half‑mile…
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