Key Orlando industries begin to stabilize at levels near or above pre-recession
Real estate GDP has remained relatively flat for the past 12 years with steady, modest growth anticipated in the coming years
June 04, 2019
- Real estate GDP has remained relatively flat for the past 12 years with steady, modest growth anticipated in the coming years. 2013 saw an impressive influx in value creation as home prices rose hastily and temporarily by about 18.25% according to the Orlando Regional Realtor Association.
- With several million square feet of industrial warehouse space, a new office tower downtown and the total re-work of I4 currently underway, construction levels have recovered to a point that is only slightly lower than before the economic recession of the early 2000s.
- With Orlando’s theme parks drawing another record year of visitors in 2018 at 126.1 million and several key attractions underway, Orlando hospitality and entertainment GDP is set to continue its steady upward trend.
- Orlando has attracted manufacturing companies ranging from boat builders to simulation system to Semi-Conductors. Proximity to ports on both sides of the state along with access to the United State’s 12th busiest airport and no state income tax make Orlando a hub for industrial activities.
Source: Oxford Economics; JLL Research