Report: Cities in Sarasota, Lee lead nation in new apartment permits

North Port and Cape Coral are among the national leaders in permits issued for multifamily units, according to a new report.

The two Gulf Coast communities rank in the top five in a report released by Redfin highlighting the state of the multifamily sector nationally. Orlando; Raleigh, North Carolina; and Austin, Texas are the others topping the list.

According to the findings, in Lee County's Cape Coral there were 59.6 permits issued for apartments units for every 10,000 residents. In North Port, a south Sarasota County city, there were 53.3 permits issued for every 10,000 persons.