According to new research by JLL, across Central Florida's Interstate-4 Corridor, high tech firms' pursuit of talent has touched off a wave of inbound millennial migration from across the US that shows no signs of slowing down.
JLL reported that the I-4 Corridor's job market is the tightest it's been in over a decade. Last year it was home to about 22,935 technology establishments hosting 265,304 technology jobs, with an average salary of $89,945, according to the Florida High Tech Corridor Council.
Brevard County, also known as Florida's Space Coast, is expected to see demand for both office space and residential housing increase significantly. The region is gearing up for a massive resurgence in the space industry. As young professionals flock there for high-paying STEM careers, they are also supports other thriving industries in the area like tourism.
Adding more than 1,500 residents every week, the Orlando-Kissimmee-Sanford metropolitan statistical area (MSA) is one of the fastest growing in the US. Millennials make up 30% of the city's population, according to Esri Demographics, and a recent survey by homes.com ranked Orlando as the best city in the country for millennials in 2019 based on the job market, housing costs and age demographics.