Orlando, FL

The tourism industry gives the city of Orlando an outsized impact on Florida’s construction market.

More people will visit here in a typical year than Paris and Venice combined in order to experience the area’s theme parks and convention centers. This makes the need for new hotels and resorts nearly constant. The tourism industry is unsurprisingly the driver of the entire market, although city officials have recently made efforts to court tech companies leaving the West Coast.

Orlando is a fast-growing city, and this is reflected in the city’s construction market. The residential sector accounts for more than half of all spending here – mostly in the form of single-family developments on the city’s periphery. Similar to cities like Los Angeles or Phoenix, zoning laws have kept the area mostly suburban. We expect this to continue for the foreseeable future. Construction employment has declined slightly over the first part of the year, however, which could push costs up during the busier summer season.

* Other structures include religious buildings, amusement, government communications, and public recreation projects.