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real estate boom is expected to hit Central New York as the Micron semiconductor chip plant project gains momentum. Local leaders aim to build over 2,000 homes annually, driven by a surge in interest from developers and investors seeking properties near the future Micron site.

    According to John Clark of Cushman & Wakefield Pyramid Brokerage Group, demand is coming from both local and national buyers with varied needs, but housing remains the most consistent requirement. "The biggest use we hear is people who are both developers and investors looking for multi-family properties," he said, noting a desire to develop projects with 2-500 units.

    Onondaga County Executive Ryan McMahon emphasized the pressing need for housing, stating that the county will produce around 2,000 units per year by 2029 to meet demand. He attributed this growth to Micron's presence, saying "the key driver of this will be that Micron shovel on the ground."

    Lenders are also waiting for Micron's progress before financing new projects, as they want to ensure demand exists for these developments. Clark noted that approval processes will vary depending on project type and require time to complete necessary paperwork.