Orlando is on fire with 47000 new jobs in May 2018

[Jack Bobeck]

If you cannot find a deal in Jacksonville, look an hour south to Orlando...

With tourism and hospitality as its main economic drivers and backed by unprecedented population and employment growth, Orlando’s multifamily market is thriving.

The metro added almost 47,000 jobs in the 12 months ending in May 2018, keeping Orlando well above the U.S. average. With a record-breaking number of visitors last year, employment gains were highest in leisure and hospitality, the sector gaining 10,600 jobs. 

Orlando’s year-round temperate weather, coupled with no state income taxes, continues to entice both domestic and foreign investors. A $2.1 billion airport expansion is underway, with more than 500 workers on site daily. The new terminal is scheduled for completion in 2021 and will increase the capacity of the state’s busiest airport to more than 50 million yearly passengers. (The busiest, Hartsfield-Jackson sees 104 million a year).

With such growth, look for Orlando to be a great location for people to move to and maybe your investment portfolio too...