Commercial Property:

The area receives a great deal of construction, development, and commercial real estate growth. The tech sector has been growing by leaps and bounds, and many development companies have taken note, making more offices, warehouse spaces, and so much more to house the booming sector. In a recent search of the office space vacancies in the greater Orlando metropolitan area, results proved to showcase prices that were in line with much of the same as larger, comparable cities. Some of average prices in the greater Orlando area started at around $1 a square foot and some smaller options at around $500 a month for small spaces. It’s interesting to note that the area has an influx of options in terms of executive suites downtown as well. Entrepreneurs will most likely take note of the vast array of opportunities in the greater area. If you need to rent a commercial property in Orlando then contact us today - we handle all these local areas: Altamonte Springs, Apopka, casselberry, Clermont, Deltona, Groveland, Lake county, Lakeland, Longwood, Maitland, Merritt Island, Metrowest, Mulberry, Primrose, Sanford, Oviedo, and Winter park. Officespaceheaven.com also services office space rentals in Ft. Lauderdale, Tampa, Miami, and more.

The major city of Orlando is a large-scale city in the state of Florida. It is the center of a great amount of tourism and has the third largest metropolitan area in the state. The city has an estimated population of around 230,519 and an estimated greater metropolitan area of around 2 million residents. Originally it was the center of the citrus industry of the nation, but it has grown to house several large scale urban industries, and tourism that has eclipsed the citrus production. It has been noted that the city of Orlando is the third most visited American city and has been steadily attracting millions since the 1970’s. Even though the economy has seen some tough times in 2009 and 2010, there is great hope that the local business community will help the commercial property rental market rebound soon.

Economy / Climate:

The economic picture of Orlando is rapidly growing and has many major companies. The metropolitan area provides many different vocations to explore. Some of the major industries that are in the area include, digital media, aviation, aerospace, software development, and much more. Some of the larger companies that call Orlando home include, Acosta Inc, Air Florida Airlines, Air Sunshine, AirScan, Alienware, Applica, Disney, American Momentum Bank, Amerijet International and so much more. With the great number of employers in the area, it’s interesting to note that the unemployment rate of Orlando has recently settled around 10%, and is higher than the national average. While there are great options to explore in terms of careers, the area hasn’t been immune to the economical hardships that many other large cities have felt.
The climate of Orlando is classified as subtropical. It has extremes in terms of heat and humidity, and despite a cold first quarter of 2010; the area doesn’t usually see a lot of extreme weather. There are hurricanes, and high tropical storms, the area is relatively warm and a great place to visit and even retire.

Orlando Housing:

The median home price of Orlando has fluctuated recently, much like the rest of the nation. But investors have stayed positive in forecasting the growth of the real estate market. In recent months the median home price for residences in the area was at $159610 with a forecast of 10% within 2-5 year gains. We have an in-depth real estate market articles section or you to read. The Mayor of the City of Orlando is Buddy Dyer, who is a democrat. He has presented some conservative values, and is not completely liberal. He went to both the University of Florida and Brown University, and has been a major participant in the political scene in and around Orlando. He has been the mayor of the city since 2003 and has been working towards keeping Orlando a boom town.