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    Downtown Orlando Real Estate Booms as High Rise Occupancy Rate Reaches 90 Percent

    PRWeb – Sat, Nov 5, 2011

    "When prospective buyers are considering living Downtown Orlando, it’s important to decide what type of atmosphere is most important," says José Mussenden. For those who enjoy being in the center of activity, the area West of Lake Eola is appealing, while others prefer the peaceful lake and upscale amenities found East of Lake Eola.

    Orlando, Florida (PRWEB) November 05, 2011

    When it comes to urban living, downtown Orlando is quickly earning a reputation as a world-class community that rivals major metropolitan markets across the U.S.

    “It’s exciting how urban life is evolving in Central Florida,” said José Mussenden, owner of José Olé Homes, a leading real estate team with Olde Town Brokers specializing in Orlando luxury rentals and sales in the downtown and surrounding metropolitan areas.

    “It wasn’t so long ago that Orlando didn’t even appear on the radar for home buyers and renters seeking urban lifestyles, but that’s all changed, Mussenden said. Orlando is now the 12th most viewed city on http://www.Realtor.com.

    New restaurants, entertainment venues, farmers markets, cultural festivals, the Amway Center and the groundbreaking of the new Dr. Phillips Center for the Performing Arts have all contributed to downtown’s high-rise occupancy rate reaching nearly 90 percent,” he added.

    The majority of buyers and renters seeking an Orlando Realtor or Lake Eola Realtor have either been relocated to the area or have traded suburban life for an atmosphere in which they can live, work and play within walking or cycling distance. Mussenden added that between 8 to10 percent are empty nesters. Because they don’t want to be isolated, many gravitate toward downtown Orlando condos.

    Shane Layburn, said, “My wife and I just moved from Miami and were looking for a high rise similar to the place we lived and were afraid we wouldn’t find it in Orlando.Jose not only found the perfect place, but was able to move us into a place we absolutely love within days.”

    When prospective buyers are considering living Downtown Orlando, it’s important to decide what type of atmosphere is most important, said Mussenden. For those who enjoy being in the center of activity, the area West of Lake Eola is appealing, while others prefer the peaceful lake and upscale amenities found East of Lake Eola.

    With Orlando leading the state out of the recession, real estate inventory is shrinking by the day. Mussenden advises those interested in buying a condo, selling a condo or investigating Orlando luxury rentals to quickly find an Orlando Realtor who knows the area inside and out.

    “There also are still deals for investors interested in downtown Orlando condos,” said Mussenden. Your Orlando Realtor can help you weigh important factors like condo fees, energy efficiency units and rental income potential.” It’s also important to note that rentals are currently running from $1.60 to $1.85 per square foot, up 10 percent from 2010.

    “As an Orlando luxury home Realtor, I advise all of my clients to seek an agent who is an expert in their specific location of interest. In growing cities like Orlando, not all parts of town are affected the same way economically, so we really have to be entrenched in our communities to get the best deals for our clients,” said Mussenden.

    About José Olé Homes


    José Olé Homes represents some of the most exclusive luxury home listings in downtown Orlando, Winter Park, Windermere and surrounding metropolitan areas. Beginning his career as a downtown promoter in New York City, José Olé Mussenden translated his passion for urban life into an Orlando-based company focused solely on helping clients achieve their luxury lifestyles. A licensed real estate agent with Olde Town Brokers and a mortgage broker, Mussenden strives to provide a turnkey solution for buyers and sellers. He was named a Top 10 OTB Producer in 2010, and has exclusive listings in all Orlando high-rise complexes. For more information or to contact Mussenden, visit http://www.JoseOleHomes.com.

    ###

    Karen Phillips

    (407) 474-6488
    Email Information


     

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