Orlando can be considered a magical place for investors looking to put their money into multifamily real estate.
While many metropolitan areas experienced a significant surge in real estate during the COVID-19 pandemic in 2020, Orlando's housing market didn't begin to heat up until this year. However, the central Florida real estate market is currently moving at a fast pace. Inventory levels are much lower than they were in 2020, property values have appreciated significantly in the past year, and properties are spending considerably less time on the market.
As demand continues to grow, the supply of homes in Orlando, Florida is dwindling. Nonetheless, the rental market in the area is showing signs of increasing vitality.
There are numerous compelling reasons why Orlando is considered one of the best places to invest in Florida. The city boasts several of the nation's top-rated entertainment centers and theme parks, as well as major colleges and universities, and the fastest-growing employment sectors.
Forbes has ranked Orlando as the 23rd-best place for business and careers, and the 6th-best place in the country for job growth. Furthermore, Orlando's unemployment rate of 5.2% is lower than the national average of 5.9%.
Over the past three years, Orlando has experienced 11% job growth, adding nearly 129,000 new jobs to the city's economy. Projections indicate that the Orlando metro area will create nearly 500,000 new jobs over the next 10 years. By 2030, Orlando's average employment is predicted to grow by 19% – almost twice the rate of the United States as a whole.
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