But why and can this be sustained?
- Orlando’s growth rate is the second fastest of the 30 largest U.S. cities welcoming more than 1,000 new residents a week.
- Nonfarm employment continues to expand indicating that the economy is growing. The U.S. Bureau of Labor Statistics shows that the 12-month change for September 2021 is a whooping 7%!
- In-person learning propels surge in apartment demand. The University of Central Florida (UCF) is the biggest university in Florida, and the second-largest in the nation (more than 65,000 students). UCF houses only about 20% of its students, leaving plenty of renters looking for additional housing.
While our brokerage focuses on industrial, retail, and office, our business owners and investors count on a strong multi-family market to support our local economy.