If you’re considering delving into the commercial real estate market in Orlando, FL, you aren’t alone. Just last year, Business Observer cited that Florida ‘ranked fifth in the U.S. for all commercial real estate development. That statistic came from an annual survey conducted by an affiliate of the National Association of Industrial and Office Parks, says Business Observer. The fact is, Florida has much to offer to those seeking to enter the commercial real estate market despite the threat of climate change.
According to Business Observer, commercial real estate projects brought in $20 billion into the state’s economy in 2018 which produced more than 161,000 jobs. The source also cited that ‘although Florida ranked 10th in office development, it was No.2 in the nation—behind only Texas—in retail growth. The state also ranked third in industrial development.