New apartment buildings and multi-family developments are in high demand in the Southeastern United States, Orlando, Atlanta, North and South Carolina. With the average occupancy rate at 94 percent, quality developers such as SWET Construction Group are in high demand.
Monthly rent prices are higher than they have ever been in the Orlando area. “It’s a reflection of the growth we’ve experience in Orlando’s economy over the past several years,” said Dr. Sean Snaith, of the University of Central Florida Institute for Economic Competitiveness.
“We went from lagging far behind to being pretty far out in front right now in terms of our economic recovery,” Snaith said.
The demand for new housing development in Central Florida is directly related to the growth in the population, economy and increased tourism.
According to a recent article in the Orlando Business Journal, “Come to find out, Orlando is the fastest-growing of the country’s 30 largest regions, according to new population estimates released yesterday by the U.S. Census Bureau. The region added more than 60,000 net new residents in the 12-month period ending July 1, 2015 (166 per day), growing total population by 2.6 percent to 2,387,138. The numbers come just a week after revised labor market data confirmed Orlando’s status as America’s No.1 employment center for job growth in 2015.”
“We’ve got community venues here that are world class. The Doctor Phillips Center for the Performing Arts, the Amway Center and newly constructed Orlando Citrus Bowl,” said Thomas Chatmon Jr., of the downtown development board.“Amenities and entertainment options are always something you consider when choosing a place to live,” he said.
Not all multi-family housing construction groups are the same. SWET Construction Group is a full service company who understands the big picture and well as the small details when it comes to student and multi family housing. We have the experience and knowledge to handle large multi-family construction to a more modest dimensions. We take pride in our professionalism and innovative approach, we are known for our quick turn around on projects and being cost efficient.