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Introduction

Three years of accelerated job growth has translated into a post-recession high for apartment demand. Tourism, the metro’s primary driver of jobs is known for both its relative stability – Orlando’s sector remained intact throughout the recession – and its ability to attract younger workers who are more likely to rent.

LIVING IN APARTMENTS

Renting can be smart choice for a wide range of individuals and families across all income levels. That’s why a diverse array of people call apartments home.

Apartment Residents
404,188
Spending Power
$2,063,908,980
Direct Jobs Supported
15,540
Total Economic Contribution
$3,798,005,305
Total Jobs Supported
40,449
Married couple with no children
12%
Married couple with children
12%
Single Individual living alone or with roommates
58%
Single Parent
18%
1 Person Household
35%
2 Person Household
29%
3 Persons or More in Household
36%
17%

of population lives in apartments

Managing Apartments

Apartment homes are economic engines, driving dollars and jobs that strengthen local communities.

Total Apartment Homes
145,181
Operation Dollars Spent
$548,371,007
Direct On-site Jobs
3,245
Total Economic Contribution
$978,395,324
Total Jobs Supported
8,057
5 to 9 apartment homes per building
30%
10 to 29 apartment homes per building
36%
20 to 49 apartment homes per building
23%
50 apartment homes per building or more
11%

Building Apartments

Apartment construction continues as a bright spot in the economy, helping lead the housing recovery.

Construction Dollars Spent
$533,795,400
Direct Jobs
2,967
Total Economic Contribution
$1,037,591,499
Total Jobs Supported
9,362
Apartments Built 1959 or earlier
2%
Apartments Built 1960 to 1979
18%
Apartment Built 1980 - 1999
47%
Apartments Built 2000 or Later
33%
40%

Multifamily Percentage of Total Building Permits