What Investors Need To Know About Orlando

Aug 17, 2015 No Comments by

What do investors need to know about Orlando?

That depends, in part, on whom you ask. If you ask Bill Moss, senior managing director for CBRE Orlando, you’ll get the broker’s angle.

 

“For starters,Orlando is more than Disney World—far more,” he told GlobeSt.com.We’re also one of the top 10 places in the country for business, home to some of the biggest names in business.”

Moss is absolutely right when he asserts that everybody has heard about Orlando’s great weather and entertainment sector. But, he adds, people may not realize that Orlando ranks as the leading metro in the nation for job growth through 2020.

 

“We have a labor pool of more than 1.2 million people that is well prepared to meet the needs of any employer,” Moss says. “Plus, the city is one of the nation’s most cost-competitive locations.”

As Moss sees it, all this adds up to an economic advantage in relation to other similar markets that want to attract companies and their jobs. He points to a typical 500-person tech company as an example. A company in that realm would pay well over $40 million in annual rent and wages for a 75,000-square-foot office in Baltimore or San Diego.

 

“However, that company would pay millions less in Orlando for the same size space,” Moss says. “The fact that a firm can still draw top tech talent in a less expensive market makes us an attractive alternative to employers seeking to lower their operating costs.”

 

Source: GlobeSt.

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