Over the next year and a half, approximately 2000 employees of Disney will be relocating to Lake Nona from Southern California. Most of the employees work in Disney’s Parks, Experiences, and Products division and will join the significant existing workforce here in Orlando.
Almost one-third of Disney’s global total number of employees work here in Florida. Adding 2,000 more from California will further consolidate that number, and the company hopes the move will boost staff synergy and collaboration.
This is exciting news for Lake Nona! An obvious implication of the move is that more people will be looking to buy homes in the area, so there’s an impact on the real estate sector as well.
We don’t have to remind anyone how tough the last couple of years have been with the onslaught of the coronavirus. And just when it looked like things might get better, Covid variants arrived.
We all know how Disney theme parks, along with other parks, businesses, restaurants, and venues, shut down for weeks. Some establishments had to close permanently.
And yet many places have reopened, including Disney, and they have stayed open. October 2021 brought the beginning of Walt Disney World’s 50th Anniversary! Relocating Disney employees will find a recovering Lake Nona, Orlando, and Disney World with tourists returning and locals eager to get back to the magic.
Adding 2,000 more households looking for a home does have an impact. In an already tight market, with not enough houses available for the number of people looking to buy, relocating Disney employees will find the competition stiff.
Their advantage is that houses cost less here than they do in southern California so relocating staff will have more buying power if they have sold a home out west. Plus, with their salaries averaging $120,000/year, they will be looking for higher-than-average-cost homes.
If you want to buy a home in Lake Nona, don’t wait. Relocating Disney employees are already looking and purchasing homes.
If you want to buy a home in Lake Nona, don’t despair about the tight market. At JP Capital Realty, we’ve got off-market and pocket listings all the time. In other words, there are more houses for sale than are publicly listed.
If you want to buy a home in Lake Nona, get expert realtors on your side. JP Capital Realty has a successful track record of helping people buy and sell homes in Lake Nona and surrounding areas. We’ve been at this for over a decade, and we’ll help you find the perfect home!
Ready to buy or sell? Call JP at 407-962-6888.