Read: In the pipeline: Notable Hialeah apartments now in the works

South Florida is experiencing a building boom driven by high-income migration. Nearly 21,000 apartments are expected to be completed in 2023, placing the region in the top five U.S. metro areas for new apartments. Miami leads with 9,400 units, followed by Hialeah with over 2,000 units, thanks to its location, low land costs, and development-friendly government.