ORLANDO RECORDS FASTEST GROWING POPULATION IN THE US
AS INVESTORS LOOK TO THE SUNSHINE STATE
Orlando is number one destination for population growth, welcoming over 60,400 new residents in 12 months (US Census Bureau)
FOLLOWING IN THE FOOTSTEPS OF ITS MOST FAMOUS RESIDENT, MICKEY MOUSE, THE US CITY OF ORLANDO IS CONTINUING TO ATTRACT A SIGNIFICANT NUMBER OF NEW INHABITANTS.
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According to the most recent figures released by the US Census Bureau, Orlando is the number one destination for population growth, adding over 60,400 new residents in just 12 months (July 2014 to July 2015).
This substantial increase accounted for a 2.6% growth in Orlando’s total population during the 12 month period, making it the fastest growing of the US’s 30 largest regions. Orlando’s rising population ensured that it was also named in Forbes.com’s prestigious list of America’s fastest growing cities.
Compiled by ranking the 100 largest metro areas and their surrounding suburbs, they factor in population growth for 2015 and 2016, year-over-year job growth for 2015, the metro’s economic growth rate, unemployment, and median annual pay for college-educated workers in the area.
Currently ranked 7th, with a substantial projected growth rate of 2.03% for 2016, Orlando is definitely a city to watch this year. With a rising population comes growing housing demand, and savvy international investors are increasingly looking to Orlando and the Sunshine State of Florida as a safe and secure destination, with a wealth of opportunities.
In 2015 Orlando greeted over 66 million tourists, (Florida over 100 Million!) a 5.4% growth in comparison to 2014
As well as experiencing strong population growth, Orlando has also witnessed a surge of tourism in recent years, adding to its already strong position as a hub of real estate investment.
2015 saw Florida become the first state to ever welcome more than 100 million out-of-state and international tourists, with over 105 million people visiting the Sunshine State throughout the year. Will Seccombe, President and Chief Executive Officer of Visit Florida, the state’s tourism authority, emphasised Orlando’s part in this record breaking achievement, explaining,
“Orlando is the most visited destination in the United States. It’s the most visited city, and certainly the home of the theme park capital of the world, right? No place else on earth can compare to that.”
The city itself attained a new tourism record in 2015 as ‘The City Beautiful’ welcomed over 66 million tourists. George Aguel, President and Chief Executive Officer of Visit Orlando, the region’s tourism arm, recently revealed 2015’s 5.4% growth, which comes just a year after Orlando became the first US destination to surpass 60 million visitors.
Orlando was America’s number one employment centre for job growth in 2015 (Labour Market Data)
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