Orlando, Best Place for Business

As someone who gets an enormous amount of email every day, I often put things aside to read later if they don’t need immediate attention. As I was cleaning out my inbox of unread email, I noticed an interesting article on the Florida Realtors Newsletter from January 24th.

 

The title of the article is “5 Fla. Cities Tops for Doing Business”. Any time I see news that that could be an indicator for the housing market, I am immediately intrigued. Often times I feel that there is a great amount of information available to us now on pretty much every subject, but sometimes its hard to determine how to evaluate. This seems especially true in regards to the real estate market. Generally when you hear news about the real estate market, it is not good and the only data they give you is the number of sold properties.

 

This information, though worthwhile, does not paint the whole picture. There are many factors and indicators that should be taken into account when evaluating the market as whole, and many of these are several steps back from the closing table.

 

This article addresses one of the many positive facets of Orlando’s economic situation. A study was done by a company called BizCosts.com. They evaluated the costs of doing business in multiple cities around the country and came up with a list of the top 20. Many factors went into their study such as labor costs, commercial real estate prices, taxes, etc. The fact that we are an extremely cost effective place for businesses to set up shop is wonderful news for the Central Florida economy and yes, the Orlando homes real estate market.

 

More companies and employees in the area means more spending and a greater need for housing. This is great news for sellers as we move through 2011 and the Orlando Chamber of Commerce works to attract new businesses to our area. On the flip side employees looking to relocate will also find favorable prices and a lower cost of living than in many other large US cities. This allows them more expendable income for leisure activities.

 

This is just one of the many positive indicators that I think will make a huge impact on our road to recovery!