Recently, we have reported the possibility that the Walt Disney Company is considering moving a significant portion of their California operations to Central Florida. While Disney Company officials have not officially confirmed this move, it has been reported that they inquired about office space in Lake Nona.
A Disney spokesperson told the Orlando Business Journal that the company is “always exploring opportunities for additional locations within the vicinity of our theme park, but there is nothing concrete.”
If Disney does make a move of their workforce and several key parts of their businesses from Southern California to the Orlando area, we could see an even bigger real estate boom happen in Central Florida, specifically Lake Nona if that is where they choose to have their new offices.
The Orlando Business Journal interviewed local Orlando real estate agent Peter Luu about how this potential move by Disney could bring a positive boost to an already booming Central Florida housing market:
“It’s going to have a great impact, … The housing market is still doing well in Orlando. This would just be a boost.”
The real estate agent went on the theorize that if Disney aimed to move a good portion of their business deals to Lake Nona by 2023, Disney executives could start relocating and purchasing homes up to two years in advance. Other employees would most likely start a year to six months after that.