Pikes Peak Construction Rebounds With 31% Permit Jump in 2025, Driven by Apartments

Overview

• Permits for new apartment buildings more than doubled from 2024, according to Pikes Peak Regional Building.
• Regional Building reports 4,100 apartment units opened in 2025, with another 4,500 still under construction.
• Officials say five projects approved in November and two larger projects in December tipped year-end totals upward.
• Development was dispersed across the region, with notable activity in the north, east, and the southeast near the airport.
• Major projects included the $45 million American Furniture Warehouse, a $25 million Cheyenne Mountain Zoo giraffe exhibit, and multifamily builds such as Royal Pine and Bradley Ridge, while single-family starts fell 1.5% and inspections declined 10%.