JLL Pulse360 Orlando // 2015 | Page 6

// DEMOGRAPHIC PROFILE // DEMOGRAPHIC PROFILE • The Orlando metropolitan statistical area (MSA) is the third largest in the state and the fastest growing MSA among Florida’s four largest population centers. This strong growth has help propel the State of Florida to the third most populous state in the nation, behind only California and Texas. • The Orlando MSA grew nearly 9.0 percent between 2010 and 2015 to 2.3 million residents. In line with Florida trends, 28.0 percent of that growth came among senior citizens; however, 28.0 percent of the growth occurred within the 25 to 39 year old cohort – the heart of a any area’s workforce. • Going forward, Orlando’s population growth is expected to outpace the nation as a whole, growing nearly 2.0 percent annually through 2030. Within the metro, Osceola County is projected to have the strongest growth at 2.8 percent annually; however, nearly 55.0 percent of all growth within the MSA is expected to occur within Orange County. • In the short-term, downtown Orlando, with its robust development pipeline, is expected to outpace the region as a whole. With 4,800 units currently under construction or proposed within downtown, it is expected that the population downtown will increase 2.8 percent annually over the next five years, far outpacing the strong 2.3 percent annual growth of the overall metro area. ORLANDO PULSE // 6 // POPULATION PROJECTIONS 2030 3.1 million 2025 2.9 million 2020 2.6 million 2015 2.3 million 2010 2.1 million