Disney Begins Mass Exit From CA to FL, Overwhelms Housing Market

in Disney

walt disney company hq

Credit: Disney

Earlier this year, The Walt Disney Company confirmed that it would relocate over 2,000 jobs from its existing headquarters in Burbank, California to the Lake Nona community near Orlando, Florida.

walt disney company headquarters
Credit: Disney

Related: Disney Relocating Over 2,000 Jobs From CA to FL May Be the Tip of the Iceberg

At the time of the announcement in July 2021, the Orlando Business Journal shared:

Initially, the Disney campus will be home to imagineers and other professionals, but a specific site in Lake Nona has not been identified. The campus is expected to be a new building. A size wasn’t immediately known.

Most of the relocating professional roles will be related to Disney’s Parks, Experiences and Products division — which include theme parks — who are not fully dedicated to the Disneyland Resort. Walt Disney Co.’s headquarters will remain in California and the relocating jobs will represent less than 5% of the total number of Disney jobs in California.

Walt Disney Company Water Tower
Credit: Disney

Related: Starbucks Next to Disney World Sells For Unheard of $6 Million

OBJ‘s original article also included a brief statement from Disney Parks, Experiences and Products Chairman Josh D’Amaro, who said:

“This new project will create a dynamic environment to support our expanding business — a brand-new regional campus which will be built in the vibrant Lake Nona community of Orlando.”

Lake Nona Concept Art
Credit: Lake Nona Official Website

Related: Disney Looking to Develop Massive 55+ Community Near Lake Nona

Disney’s new offices in Lake Nona are under construction, and the mass exit of employees has begun — the move is expected to be completed within about 18 months from the initial announcement.

lake nona town center
Credit: Lake Nona Official Website

Related: FL Welcomes Disney Expansion as Companies Are “Fleeing” CA

FOX Business shared:

“They are already trickling in,” Armel Real Estate owner Deanna Armel told WKMG of the Disney employees looking at homes. “I’m working with a Disney relocation right now buying in the Winter Garden area….”

…The median price of a home is far below that of California’s, sitting at $318,000 for Florida and $951,000 in California, WKMG reported. 

“It’s cash, it’s all cash,” Armel said.

Another area realtor, Sean Faulk of Forever Magic Realty, said he’s also working with at least 20 other Disney employees looking to make the move.

lake nona florida aerial
Credit: Lake Nona Official Website

Related: Disney Moves More Ops Out of California With NEW Vancouver Studio

The article also noted that, at this time, there are historic lows of available homes in Central Florida. This is largely due to the appealing tax laws the state offers for both individuals and businesses.

Stay tuned to ITM for additional emails about Disney’s major move to the East Coast. 

Let the expert team at Academy Travel help you plan your next magical vacation to Walt Disney World Resort’s four theme parks — Magic Kingdom, EPCOT, Disney’s Animal Kingdom, and Disney’s Hollywood Studios — and the Disney Springs shopping and dining district!

View Comments (23)