As more and more Floridians turn away from homeownership in favor of renting, the state is facing a serious shortage of apartments.

Numbers from the Florida Apartment Association show that the state would need to add over 600,000 new apartments by 2030 to keep up with both the rising population and the increased demand.

“We have over 900 people moving here every single day,” said the association’s government affairs director, Amanda Gill, “and if we don’t have housing for them, at some point, those individuals and their companies and their economic opportunity will go to another state if we don’t have the housing here in Florida.”

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