Special Report

Cities Where New Apartment Construction Is Skyrocketing

Source: Art Wager / E+ via Getty Images

45. Miami-Fort Lauderdale-Pompano Beach, FL
> New building permits with 5+ units, 2021: 65.4% of all permits (+2.8 ppts from 2016)
> New building permits with 5+ units, 2016: 62.6% of all permits
> Median rent: $1,519 per month
> Population density, 2021: 1,202.2 people per square mile
> Total population, 2021: 6.1 million

Source: ABEMOS / iStock via Getty Images

44. Virginia Beach-Norfolk-Newport News, VA-NC
> New building permits with 5+ units, 2021: 34.6% of all permits (+3.3 ppts from 2016)
> New building permits with 5+ units, 2016: 31.3% of all permits
> Median rent: $1,232 per month
> Population density, 2021: 511.7 people per square mile
> Total population, 2021: 1.8 million

Source: beklaus / E+ via Getty Images

43. Boulder, CO
> New building permits with 5+ units, 2021: 62.4% of all permits (+3.6 ppts from 2016)
> New building permits with 5+ units, 2016: 58.8% of all permits
> Median rent: $1,732 per month
> Population density, 2021: 453.7 people per square mile
> Total population, 2021: 329,543

Source: SeanPavonePhoto / iStock via Getty Images

42. Orlando-Kissimmee-Sanford, FL
> New building permits with 5+ units, 2021: 40.7% of all permits (+3.7 ppts from 2016)
> New building permits with 5+ units, 2016: 37.0% of all permits
> Median rent: $1,420 per month
> Population density, 2021: 771.0 people per square mile
> Total population, 2021: 2.7 million

Source: marekuliasz / iStock via Getty Images

41. Greeley, CO
> New building permits with 5+ units, 2021: 19.9% of all permits (+3.9 ppts from 2016)
> New building permits with 5+ units, 2016: 16.1% of all permits
> Median rent: $1,333 per month
> Population density, 2021: 85.3 people per square mile
> Total population, 2021: 340,036

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