Orlando
is a densely populated city with a toll of more than two hundred thousand. The
city is located in the state of Florida, with an estimated population growth of
more than 18%. Orlando generally experiences a warm sub tropical climate and
remains the same throughout the year.
The city
is extensively known for as an entertainment hub with big entertainment parks
like the Universal Studios and the Disneyworld and thus also sees a year long
footfall of tourists from all corners of the world. This rise in tourism and other entertainment
based businesses had led to the rise land cost and real estate. Businesses
venturing with Office Space Orlando
have lot of growth opportunity.
Despite
the economic meltdown and market lowdown in the recent years there has been a
decent increase in the real estate sector of Orlando. An average office space
would cost around $15-$25 per square foot. While the real estate sector might
have suffered some loss in the past, industry experts foresee bright prospects
in the future. Downtown Orlando, which is characterized by cheap hotels, hostels
and motels along with office spaces is also seeing great development plans
especially as a unified platform which will bring together residential and the
commercial aspects together. Many investors from the surrounding cities of
Miami, Tampa Bay, and Fort Lauderdale etc. are looking forward to this
conglomerate.
The
tourism industry is the real soul of the city and also the main income
generator. The real estate sector’s appeal lies not only in the benefit of its
tourists but also for the betterment of its civilians. As it ranked as one of
the most popular places to live in the States; many people have already
flocking it
for
business purposes. Apart from this, annually there are hundreds of events and conferences
taking place in the city, and providing places for these events can become a
profitable outing for the real estate sector.
Orlando
is also lately becoming a hub for the technology industry which is estimated to
grow to a size of 15 billion dollars by the year 2014. With the advancement,
many start-ups have already started to look for places to operate. Many
internet companies from all over the world are setting up their offices here.
All these would ultimately shoot up the prices of Office Space in Orlando.
So if you have an enterprise and Orlando is your favoured destination, start
booking today.
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