Apartment listing service ranks Longmont among nation’s top suburbs for renters 

LONGMONT — As younger Americans working from home during the COVID-19 pandemic seek larger, less-expensive places to live, they’re looking farther away from the city cores that have historically attracted certain demographics, and Longmont may be one such suburb poised to draw its share of these urban migrants. 

Apartment-listing platform RentCafe ranked the Boulder County city of nearly 100,000 residents one of the nation’s “Top Booming Suburbs for Renters” and the most booming in Colorado based on the number of new multifamily housing options added over the last five years. 

Longmont, the survey found, added 2,154 new apartments over the last five years. That figure represents a third of the city’s apartment stock.

“With over 96,000 residents, Longmont is an excellent alternative for renters looking to relocate outside of the big cities,” according to RentCafe, which used data from property management software firm Yardi Systems Inc. to develop its rankings.

Nationally, Longmont ranked the 18th most booming suburb for renters, behind Quincy, Massachusetts. Westminster followed Longmont in the 19th spot, and Parker was ranked 20th.

Longmont’s apartment boom is exemplified by the development of South Main Station, a mixed-use project that now serves as the southern gateway to downtown. The first phase, completed last summer, includes four of the five planned apartment buildings with 253 units and 10,000 square feet of ground-floor retail space. 

The 256-unit Union Pointe apartment community in east Longmont sold this month for $76.9 million. Seller Brinkman Real Estate Services LLC said the $300,390 per unit price was a record high multifamily transaction for the Longmont market. 

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LONGMONT — As younger Americans working from home during the COVID-19 pandemic seek larger, less-expensive places to live, they’re looking farther away from the city cores that have historically attracted certain demographics, and Longmont may be one such suburb poised to draw its share of these urban migrants. 

Apartment-listing platform RentCafe ranked the Boulder County city of nearly 100,000 residents one of the nation’s “Top Booming Suburbs for Renters” and the most booming in Colorado based on the number of new multifamily housing options added over the last five years. 

Longmont, the survey found, added 2,154 new apartments over the last five years. That figure represents a third of the city’s apartment stock.

“With over 96,000 residents, Longmont is an excellent alternative for renters looking to relocate outside of the big cities,” according to RentCafe, which used data from property management software firm Yardi Systems Inc. to develop its rankings.

Nationally, Longmont ranked the 18th most booming suburb for renters, behind Quincy, Massachusetts. Westminster followed Longmont in the 19th spot, and Parker was ranked 20th.

Longmont’s apartment boom is exemplified by the development of South Main Station, a mixed-use project that now serves as the southern gateway to downtown. The first phase, completed last summer, includes four of the five planned apartment buildings with 253 units and 10,000 square feet of ground-floor retail space. 

The 256-unit Union Pointe apartment community in east Longmont sold this month for $76.9 million. Seller Brinkman Real Estate Services LLC said the $300,390 per unit…