orlando economy update - 2015 q2

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ORLANDO THE PLACE TO GO. THE PLACE TO BE.

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Page 1: Orlando Economy Update - 2015 Q2

O R L A N D OT H E P L A C E TO G O .

T H E P L A C E T O B E .

Page 2: Orlando Economy Update - 2015 Q2

2

NO PERSONAL INCOME TAXES

2014 POPULATION OF 19,507,369

LABOR FORCE OF 9.7 MILLION

RECORD 97.3 MILLION VISITORS IN 2014

Top 3 workforce in the U.S.

CNBC, 2014

5 million foreign language speakers U.S. Census

5th in high-tech employment in the U.S.

TechAmerica Cyberstates

3rd lowest private sector unionization rate in the U.S. UnionStats.com

HIGHLIGHTS3,524,545 new people since 2000 - 17.6% population increase

Tourism increased 3.9 percent over 2013

Florida’s $800 billion economy rivals the world’s largest countries

Florida’s 2014 GDP increased 13.6% since YE 2009

Florida Exports over $60 billion in goods made in the state

STATE OF FLORIDA

$153 BILLION IN INTERNATIONAL TRADE

TOP-RATED INFRASTRUCTURE

TOP RATED WORKFORCE

Source: Enterprise Florida

Page 3: Orlando Economy Update - 2015 Q2

3

TOP BUSINESS LOCATION

#1STATE FOR

INNOVATION

- Fast Company

#2STATE FOR

BUSINESS

- Chief Executive Magazine

#3STATE FOR HIGH-

TECH BUSINESSES

- TechAmerica Cyberstates

FLORIDA HAS SURPASSED NEW YORK TO BECOME THE THIRD MOST POPULOUS STATE

IN THE U.S.

IF FLORIDA WERE A COUNTRY IT WOULD HAVE THE 19TH LARGEST ECONOMY IN THE

WORLD

Source: Enterprise Florida

Page 4: Orlando Economy Update - 2015 Q2

4

21.1%

16.7%

12.1% 12.2%

10.6%

6.4%

5.1%

3.4%

4.0%

3.4% 2.9% 2.1%

Leisure & Hospitality

Professional & Business Services

Education & Health Services

Retail Trade

Total Government

Financial Activities

Construction

Other Services

Wholesale Trade

Manufacturing

Transportation, Warehousing, & Utilities

Information

ORLANDO’S ECONOMY ISBOOMING

Number One City for Job Growth

Forbes, 2014

Top 10 city in the U.S. to out pace the nation in job growth Kiplinger, 2012

Orlando earned the third spot in Job Creation Index Score

Gallup, 2012

Hot spot for job growth in companies with less than 100 employees

Inc. Magazine

Number 9 among Top 10 places in the U.S. for veterans to find jobs

USAA

Number Three City to Find an IT Job

Modis, 2012

2.3 MillionOrlando MSA Population

U.S. Census, 2015

8.8%

2010-2014 Population Growth

U.S. Census, 2015

36.7Median

AgeU.S. Census, 2015

#1 CITYFOR JOBGROWTH

Orlando named the 4th happiest place to work in the nation

Forbes

Top 10 best cities for working women

NerdWallet

#2MSA for

Population GrowthU.S. Census, 2015

RAPIDLY INCREASING POPULATION

ORLANDO METRO

RECORD-BREAKING JOB GROWTH

Source: Orlando EDC

Page 5: Orlando Economy Update - 2015 Q2

5

21.1%

16.7%

12.1% 12.2%

10.6%

6.4%

5.1%

3.4%

4.0%

3.4% 2.9% 2.1%

Leisure & Hospitality

Professional & Business Services

Education & Health Services

Retail Trade

Total Government

Financial Activities

Construction

Other Services

Wholesale Trade

Manufacturing

Transportation, Warehousing, & Utilities

Information

Walt Disney CompanyUniversal OrlandoAdventist Health System/Florida HospitalDarden RestaurantsSeaWorld Parks & EntertainmentLockheed MartinSiemens EnergyMears TransportationSouthwest AirlinesStarwood Hotels & ResortsJetBlue AirwaysDeloitteL-3 CommunicationsElectronic ArtsVerizon CommunicationsAmerican Automobile Association (AAA) Golf ChannelTupperware Brands Corp.Mitsubishi Hitachi Power SystemsNorthrop GrummanRuth’s Chris Steak House

ORLANDO’S ECONOMY ISBOOMING

METRO ORLANDOUNEMPLOYMENT

5.3%3.7%

METRO ORLANDOJOB GROWTH

NEW JOBS SINCE FEBRUARY 2014

25,576

ORLANDOEMPLOYMENTBY INDUSTRY

HQ

HQ

HQ

HQ

HQ

HQ

HQ

MORE THAN 150 INTERNATIONAL

COMPANIES REPRESENTING 20 COUNTRIES

HAVE FACILITIES IN ORLANDO

TOP EMPLOYERS

Source: Orlando EDC

Page 6: Orlando Economy Update - 2015 Q2

CENTRAL FLORIDA RESEARCH PARK

1,025 Acres / 58 Buildings 120+ companies / 8,500+ employees Hub of the nation’s military simulation/training programs

UNIVERSITY OF CENTRAL FLORIDA

60,000 Students / $1.9 Billion Economic ImpactNation’s No. 3 “Up-and-Coming” university - 2015 U.S. News & World ReportBest value for a college education - 2014 Kiplinger’s & The Princeton Review

LAKE NONA / MEDICAL CITY

Projected Economic impact of $7.6 billion creating 30,000 jobs Home to some of the nation’s top medical facilities including Sanford-BurnhamMedical Research Institute, VA Medical Center, and Nemours Children’s Hospital

UNITED STATES TENNIS ASSOCIATION (USTA)

62-acre new divisional headquarters of the USTAState-of-the-art facility featuring 100-plus court tennis center

DR. PHILLIPS CENTER FOR THE PERFORMING ARTS

Brand new $514 million performing arts centerState-of-the-art premier destination for world-class arts, culture and entertainment

CREATIVE VILLAGE

68-acre mixed-use, transit oriented, urban infill neighborhood in the heart of Downtown Orlando

ORANGE COUNTY CONVENTION CENTER

2.1 million square feet of exhibit space More than 1.2 million attendees - $2.0 billion in total economic impact

FLORIDA ADVANCED MANUFACTURING RESEARCH CENTER

The world’s first industry-led consortium for manufacturing smart sensorsThe $70 million, 100,000 square foot facility is expected to create 20,000 jobs

2ND LARGEST UNIVERSITY IN THE U.S.

7TH LARGEST RESEARCH PARK IN THE U.S.

650 ACRE PREMIER HEALTH & LIFE SCIENCES PARK

#2 MEETING DESTINATION IN THE U.S. - CVENT

M A J O R M E T R O DR IVERS

Page 7: Orlando Economy Update - 2015 Q2

7

62 MILLION VISITORSNEW RECORD FOR U.S. TOURISM

5% VISITATION GROWTH

2013-2014

32MILLION

ROOM NIGHTS SOLD2014

79MILLION

2014 THEME PARK ATTENDANCE

ECONOMIC IMPACT OF

LEADER IN TOURISM

$50 BILLION

“TOP 15 PLACES IN THE WORLD

TO GO IN 2015”

Source: Orlando EDC

Page 8: Orlando Economy Update - 2015 Q2

8

TOP 10 - #7CONNECTIVITY

LARGE AMERICAN CITIES OF THE FUTURE 2015/2016

- fDi Magazine

SUNRAIL

SunRail, Central Florida’s commuter rail system, connects 31 miles from Volusia County to Orange County. The $1.28 billion, 61.5 mile project will eventually run 61 miles extending into Osceola County.

I-4 ULTIMATE

I-4 Ultimate is a 6-year, 21-mile reconstruction project of Central Florida’s major interstate system. The $2.3 billion project is aimed to enhance mobility and maximize accessibility.

LYNX/LYMMO

LYNX is the public transit provider for Orange, Osceola and Seminole counties. Lymmo is a free route that serves Downtown Orlando with over 35 stops.

ORLANDO INTERNATIONAL AIRPORT (MCO)

The Orlando International Airport served more than 35 million passengers in 2014. It is the third largest airport in the nation for domestic origin and destination and the 11th fastest growing major airport in the world.

JUICE BIKE SHARE

Juice Bike Share enhances Central Florida’s transportation options with hundreds of bikes around town available 24/7. There are 20 hubs located throughout Downtown Orlando and its surrounding neighborhoods.

In Orlando, we know how to get around. The region’s

infrastructure offers reliability, affordability and efficiency, giving

businesses seamless access to the people and places they need to reach.

From commuter rail service and highway systems to a multi-modal hub —

Orlando knows how to connect you.

INFRASTRUCTURE DEVELOPMENT

Source: Orlando EDC

Page 9: Orlando Economy Update - 2015 Q2

9

5th best city for an active lifestyleWalletHub, 2014

You will never run out of things to do in Orlando. From world-

renowned theme parks, attractions, golf courses and sports complexes

to fine dining, shopping and a thriving arts and culture scene, it is no

wonder that Orlando’s residents live the good life.

Amway Center named “Facility of the Year” Street & Smith’s SportsBusiness Journal and SportsBusiness Daily

More than 100 top-rated golf courses

New 25,000+ seat soccer stadium scheduled to open in 2016

Brand new Dr. Phillips Center for the Performing Arts

Newly renovated Florida Citrus Bowl

Extensive networks of trails and parks including Wekiva Springs

12 versatile shopping malls and outlet centers

Over 5,000 restaurants spanning every type of cuisine

not to mention...the world’s top theme and water parks

New York

Washington DC

San Diego

Chicago

Miami

Atlanta

Pittsburgh

Orlando

Phoenix

Tampa

San Antonio

223.7

143.3

141.9

114.6

112.6

101.6

100.8

98.3

93.6

92.6

87.5

0 50 100 150 200

COST OF LIVING COMPARISONCOMPOSITE INDEX - Q1 2015

Numbers less than 100 are below the national average

MAJOR SPORTS TEAMS

THE PLACE TO BE

RECREATIONAL HAVEN

Source: Orlando EDC

Page 10: Orlando Economy Update - 2015 Q2

O R L A N D OT H E P L A C E TO G O .

T H E P L A C E T O B E .

CBRE INC. | LICENSED REAL ESTATE BROKER

200 S. ORANGE AVENUE | SUITE 2100 | ORLANDO, FLORIDA 32801

CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. © Copyright 2015 CBRE Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of

the CBRE Global Chief Economist.