Why Buy in Orlando, Florida?
Orlando, Florida is the tourism capital of the world. As home to seven of the top ten theme parks in the United States, and an annual destination for over 60,000,000 theme park visitors, Orlando has seen tremendous year after year growth.
Theme Park Attendance
(Source: Amusement Business, Orlando Sentinel)
Through good markets and bad, Orlando has experienced consistent growth, becoming a top business destination. It now boasts the second largest Convention Center in the United States, with over 6,000,000 ft².
These trends will continue. Disney, Universal, and Sea World have all recently announced plans to invest hundreds of millions of dollars in new blockbuster franchise attractions, including Disney's Toy Story attraction, Universal's Simpsons and Harry Potter attractions, and Sea World's Aquatica Water Park (currently under construction).
Orlando is not just a tourist destination-it maintains significant job growth, much lower-than-average unemployment, and a diverse and vibrant economy.
Unemployment Rate
(Source: Orlando Convention and Visitors Bureau)
Just this month, the City of Orlando and Orange County approved over $1 billion in new investments for downtown Orlando, including a new arena for the NBA Orlando Magic, a new state of the art Performing Art Center, and significant renovations to the football stadium, which annually hosts major college bowl games and other events. Furthermore, city, state, and local governments combined forces this year to attract what will soon become a major medical center; the Burnham Institute, one of the world-renowned cancer-research institutes, has announced plans to establish an East Coast Research Center in Orlando. Nearby, the Veterans Administration will build a new hospital, Nemours Foundation will build a new children's hospital, and the University of Central Florida will build a new medical school. As you can imagine, investment of this magnitude bodes extremely well for the long-term success of Central Florida.