According to the Florida Retail Report 2014, released last year, this is due to the city leads in urbanization and development trends.
In general, the report says that the recovery of the US economy, the growth of tourism and raising employment rates in Florida have just reflecting on this valuation the region. To give you an idea, in the first quarter 2014, a record 26.7 million tourists visited the state, an increase of 524,000 people more than in 2013.
On the issue of housing, Florida is leading the nation in home sales to international buyers, according to the National Association of Realtors. According to US Census data 2000-2012, only the population in the city center of Orlando grew more than the five largest metropolitan areas in Florida, increasing 34.2% in the period.
Also according to the report, Florida’s elderly population also tends to increase – about 3.3 million in 2010 to 5.7 million in 2030 – with many people choosing to move to a warmer state during old age. However, the growth of the elderly population of the region promises to offset the impact of the decline in individual consumer spending that accompanies aging.
Urbanization also comes with engineering projects. A brand new entertainment complex on International Drive in Orlando promises several new features in the coming years. The complex includes the Orlando and I-Eye Shops, currently under construction by Unicorp National Development.
“Today, Orlando has one of the fastest growing economies in Florida. Surely this will be reflected in various aspects of cities and metropolitan regions. For those who want to buy property in Florida, the place is a great choice for investment. It is worth keeping an eye on deals”, explains Ricardo Molina, CEO of Talent Realty.