With the market not showing any signs of lessening, the condo market in Orlando continues to grow at an unprecedented rate. Over the past five years alone, downtown Orlando has seen an explosion in condo growth. Condo developments, condo conversions, even condo based office spaces have become a hot commodity. The condo use to be viewed as a vacation home in our state, not any more!

No matter what type of amenities you are look for or what part of town you want to live in, there is a condo currently there or one being built soon. The condo market in our city has been steadily gaining momentum since the year 2000. No less than nineteen new and conversion condo projects have been announced in our area over the past year. The condo craze doesn’t seem to be a passing fad either. As soon as new projects are announced, potential buyers snap up reservations quicker than most developers can blink an eye. The ever growing Orlando condo market offers both residential and office spaces throughout the city.

Orlando continues to reign as the crown jewel for office condo development. The office condo is a new trend that is seemingly spreading across the area. Professional service firms and medical offices seem to be following this condo office trend in the greatest numbers. The office condo tends to appeal to these smaller types of industries, typically purchasing anywhere between 1,000 to 5,000 square feet, well below what most large office buildings offer. Business owners want to be able to live and work in the same setting and the office condo affords them this opportunity. In addition, when you can own your own office space, you get a return on your investment along with asset protection.

Why the sudden surge in the want and need for residential condo developments in the Orlando area? We can factor in many reasons for this trend, starting first and foremost with traffic. Orlando is a city that continues to grow and with that growth comes gridlock. Many people don’t want to have to deal with a long commute to their workplace everyday. With a condo on almost every corner in the city, a long drive to work is no longer a necessary evil. With houses being sold as quickly as they are being listed, the condo market in our city has gained many new residents. Condo developments offer a wide variety of choices and lifestyles to potential buyers. Most large condo developments include amenities that rival some of the areas high end hotels. It isn’t unheard for a condo community to have numerous pools, along with tennis courts, as well as day spas. Many condo dwellers enjoy having these amenities, which they could not necessarily afford if purchasing a home. Condo living also affords an owner the luxury of not having to contend with yard work or general maintenance of their unit. Most condo developments have home owner’s association which take care of minor maintenance, upkeep of the condo grounds as well schedule social activities for residents.