Despite the pandemic, 2020 was an active year in Bloomington for new development and property renovations. Bloomington had nearly $220 million in new construction in 2020. This contributed 1.5% to the City’s total market value. It was the most new construction for commercial, industrial and apartments Bloomington has seen since 2016. In 2020, 496 hotel rooms and more than 1,500 multifamily units were added. The residential construction supporting the City Council’s goal of reducing the shortage of housing in Bloomington.