Commercial Building Permit Data
The Right Place analyzed commercial building permits filed between 1Q21 and 2Q23 for municipalities and townships in Kent County, providing deep insights into the region’s development pipeline. Here is what the analysis found:
total investment $1.1B
average investment per project $3M
building permits for new construction 68% 30% building permits for additions or remodels
Building Permit Investment Analysis
$0.6B
2021 2022 2023
$0.5B
$0.4B
$0.3B
$0.2B
$0.1B
$0
Metro
Southwest
Southeast
Northwest
Northeast
Sub-Region
Source: BuilderTrack Report
Source: BuilderTrack Report
08
STATE OF DEVELOPMENT – DIVING DEEPER
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