During World War II and beyond, Orlando grew in numbers thanks to the Orlando Army Air Base. Many servicemen decided to stay in Orlando to raise their families after serving and with the establishment of Martin Marietta (now Lockheed Martin) in the late 1950s, Orlando became well-known for aerospace and defense services.
The most life-changing event to happen in the history of Orlando and the Central Florida economy though is the creation of Walt Disney World Resort by Walt Disney in the early 1960s. The vacation resort opened in October 1971, and ushered in an explosive population and economic growth for the Orlando metropolitan area, which now encompasses Orange, Seminole, Osceola, and Lake Counties. As a result, tourism became the centerpiece of the area’s economy. Fun fact: Orlando now has more theme parks and entertainment attractions than anywhere else in the world!
Named, “The City Beautiful,” it is easy to understand why Orlando is one of the best places to live in Florida and honestly, across the Nation. From being a top tourist destination for many to its proximity to white sandy beaches on either coast to its all-around beautiful weather and exciting lifestyle offerings, many want to call Orlando home.
Food, Food, Food
Orlando offers almost every type of food you could think of, from Asian to Italian to Puerto Rican or Hispanic… the number of fine dining restaurants, fast-casual restaurants, and food trucks available in Orlando is endless.
Famous Theme Parks and Other Attractions
Orlando is home to a number of famous theme parks, including Walt Disney World Resort, SeaWorld Orlando, and Universal. In addition to these family-friendly parks, there are also endless opportunities to stay entertained in Orlando. The attraction industry is top notch here.
Bars and Breweries
Orlando is well-known for its unique mix of interesting bars and breweries throughout the region.
Local Sports
From the Orlando City Soccer (aka Orlando Pride) to the Orlando Magic and a pretty amazing college football team with the UCF Knights, there is always a game to watch and celebrate and the fans in Orlando are one-of-a-kind.
Opportunities to Enjoy Nature
Orlando is rich in beautiful wildlife thanks to the headwaters of the Florida’s Everglades sitting in South Orlando. There are a number of natural springs in the area and opportunities to enjoy the Florida sunshine are abundant.
hopping, Shopping, Shopping
If Orlando is known for anything other than theme parks, it has to be shopping. From a number of large and well-known indoor malls, to an endless number of outdoor malls with every outlet store you could think of, your hands will be full of bags when visiting any one of these shopping experiences.
The Arts are Alive
Orlando is also known for its growing arts scene. From the Dr. Phillips Performing Arts Center in Downtown Orlando to a number of museums and outdoor murals and sculptures scattered around the city, art lovers from all over will love living in Orlando.
Orlando offers world-class education opportunities with more than 35 colleges, universities, technical schools and private institutions, as well as continuing education programs that offer on-going opportunities for workers sharpening their skills calling the Orlando region home. In addition, there are some exceptional schools that stand out, including The University of Central Florida, Rollins College, and Full Sail University.
Orlando has been considered the number one region for job growth thanks to the technology industry that continues to drive Orlando’s status. Orlando is building its gaming, virtual reality, autonomous vehicle and simulation sectors as well as being on the cutting edge when it comes to the technological advances needed in the space industry.
In addition, we know that tourism and hospitality has a huge impact on the Orlando workforce, but more than 2/3s of the Orlando workforce spans across the life sciences and healthcare sectors, innovative technology and advanced manufacturing sectors, and more. Some key things to note about Orlando’s economy:
In September 2020, the newspaper Estadão* published an article* that said: “On the one hand, low interest rates have too restricted the horizon of traditional investment gains, such as fixed income, leading to the need for diversification, which opens up space for investments abroad. On the other hand, the real has already accumulated a loss of close to 40% against the dollar. Therefore, a property in the US offers investors the possibility of making exchange hedges, protecting them from a further devaluation of the real, insofar as part of the equity will be immobilized in hard currency.”
Combining the high tourist movement in Orlando and its surroundings, the reality of the current financial market and an efficient property management, it is possible to achieve satisfactory occupancy rates. Often, the cost of mortgage installments is absorbed by the income generated from short-term leases. Periods when the investor is not using the property are perfect for this. Thus, buying a property in Orlando is even easier.
It is noteworthy that property management is an important service available for hiring when owning an Orlando investment property. Glasstone has years of experience in the property management field and guarantees that, yes, it is really feasible to optimize the property’s income. With a series of precautions that enhance the satisfaction of guests and owners, buying a property in Orlando becomes even more intriguing and profitable. It is an extensive list of practical and bureaucratic recommendations and details that, when administered by those who know the subject, generate positive results.
*Source: https://einvestidor.estadao.com.br/investimentos/brasileiros-investem-mercado-imobiliario-estados-unidos
