2024 Development Activity Report Available

~ from 2024 Development Activity Report Available

Knoxville-Knox County Planning recently released the 2024 Development Activity Report.

In 2024, more than $1.7 billion was invested in new construction, with new residential development surpassing the $1 billion mark for the second year in a row. In contrast, new non-residential construction was the lowest it’s been since 2018 at $235 million. Despite that dip, non-residential renovations ranked the second highest of the past decade at $282 million.

The area’s strong demand for housing in recent years has led developers to increase supply of new residential units permitted, in keeping with a trend of increasing activity year-over-year that has been observed since 2020. In 2024, nearly 5,600 res

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