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Met Council TOD office: $2.2B in 2024 permitted near high‑frequency transit; 69,000 multifamily units since 2009
Summary
The Met Council’s TOD office presented its 2024 development‑trends report, showing that since 2009 roughly 39% of regional permit value has been concentrated on just 4% of regional land near high‑frequency transit; 2024 saw over $2.2 billion in permitted development near those corridors and 69,000 multifamily units permitted since 2009.
Ames Yoder of the Metropolitan Council’s transit‑oriented development (TOD) office presented the 2024 update to the council on March 25, summarizing permit‑based tracking of development near high‑frequency transit corridors.
Yoder said the report uses a half‑mile buffer around BRT and LRT stations and a quarter‑mile running buffer for high‑frequency local bus routes. The TOD office reported that since 2009, 39% of regional development by permit value has been located in areas that make up about 4% of the metro…
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