Orlando Downtown Real Estate

The City of Orlando is experiencing a major downtown revitalization. The city has proposed a twenty-year plan for the new millennium to rebuild and restore its downtown and the surrounding areas.

The downtown Orlando 2020 Vision project will focus on four areas of revitalization. In the Uptown area, 500 units of multi-family residences will be built, along with office and retail spaces. Parramore Heights will continue to strengthen its residential neighborhoods, building strong schools, flourishing parks and open spaces. With a mixture of high-rise buildings producing living, retail and entertainment spaces, the Central Business District will work towards becoming a thriving cultural corridor. Eola will continue its revitalization efforts by enhancing and preserving the communities of Lake Eola Heights, Lake Cherokee and South Eola.

Downtown Orlando real estate is abundant and diverse, from residential living to commercial space; from modern skyscrapers to historic buildings. Single-family residences, condos, apartments and lofts are all part of Downtown Orlando real estate choices. Condo prices range from $100,000 to $275,000 for one or two-bedroom units. Lofts are selling for between $155,000 and $368,000 for one, two- or three-bedroom spaces. Downtown Orlando real estate also includes a variety of rental apartments from small studios to five-bedroom apartment residences. Renters can pay as little as $400 a month or as much as $8,995 a month.

Office, retail and restaurant spaces range in price from $9.00 per square foot to $25.00 per square foot, with an average price of around $17.00 per square foot. Prices, of course, vary with location and the individual building.

There are a number of projects in the works in Downtown Orlando real estate. Several new condo buildings have broken ground. Among the new entries on the Downtown Orlando real estate scene are two high-rise buildings, The Sanctuary and 55 West, plus the smaller, more intimate Eola South. Plans are currently being drawn up for North Orange Condos and conversion of Four Points Sheraton Hotel into condo units. Along Orange Avenue at Marks Streets, plans are underway for approximately 300 rental apartments.

One of the biggest additions to is a project called The Plaza. It will include 370,000 square feet of office space, 53,000 square feet of retail space and a 53,000 square foot theater with twelve screens and stadiums seats.