Orlando is a renowned tourist destination that attracts millions of visitors each year to its world-class theme parks which include Walt Disney World Resort, Universal Studios Florida, and SeaWorld Orlando. This tourism has a positive impact on the local economy and creates an energetic short-term rental market. There are many opportunities for investors to capitalize on the demand for vacation rentals, especially nearby popular attractions, which ultimately offer a potentially lucrative source of income.
Beyond the obvious tourism industry, Orlando is home to a range of industries including technology, healthcare, and aviation, which positively contribute to its strong and diversified economy. As the population grows, the demand for homeownership and rental properties is likely to remain high.
Florida also enjoys an absence of state income tax, which makes it a highly desirable destination for people looking to relocate, retire or invest. Lake Nona, Windermere, and College Park represent just some of the areas in Orlando where investors can benefit and capitalize on the continuous growth and diversification of the local economy.