The Sunshine State continues to outpace most of the other states in population growth and it isn’t showing signs of slowing down. The amazing weather, beaches, attractions, and economic opportunities, makes Florida the perfect place to live for the Millennials, the retirees, and everyone in between.
Where are all these people going to live? Well, many of them are choosing to live in multifamily housing and apartments. Which makes it the perfect opportunity for investors.
“Florida’s population is projected to increase by 6 million people for a total population of nearly 26 million by 2030. To put it in perspective, that’s larger than the current population of Australia. Florida can expect that two-thirds of the population growth will occur in just 15 of Florida’s 67 counties. Of the total growth, more than half will occur in just 10 counties.” Florida Chamber of Commerce.
“As shown in the figure, Jacksonville was the largest city in Florida by population in 2010. Miami was second, and it grew about twice as fast as Jacksonville over the last seven years, closing some of the gap between the two. Orlando was the fastest-growing big city in the state, growing by nearly 18%,” Forbes
“Orlando’s population growth has been a significant part of the state’s growth. In March, the Census Bureau statistics showed Orlando to be the fastest-growing region of the 30 largest metro areas. Those stats said the Orlando metro population is 2,387,138. The region added more than 60,000 net new residents in the 12-month period ending July 1, 2015, a growth rate of 2.6 percent,” Orlando Sentinel.
The multi-family housing industry and new construction is forecast to grow in 2019, making it a great investment. Partnering with the right construction group will not only keep your construction costs low while achieving a beautiful architectural design, they will ensure your project is a great success.
SWET Construction Group takes great pride an integrated approach to design and space planning for positive impacts not only for the building but also for the environment. We offer competitive pricing, innovative practices, clear communications and a trusted partnership. We also provide insights, essential data, news and extensive information to better inform their clients and strengthen their market position.