Up Close and Local: Orlando Market Update
Orlando’s apartment performance metrics have shown some resilience through the pandemic, despite big job losses that have occurred in the metro’s key hospitality job sector. Occupancy remains in good shape, and rent cuts have been held to levels below the expectations of some observers. Complicating the metro’s prospects, new supply is now increasing.
Join RealPage Chief Economist Greg Willett and Data Scientist Arben Skivjani for an examination of what’s shaping the apartment sector performance in Orlando and what’s likely to happen over the near term.
Discussion topics include:
- The local economy and other apartment demand influences
- Occupancy and rent growth levels
- Construction patterns in total and by neighborhood
- Property sales and pricing
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Arben SkivjaniEconomist & Data Scientist, RealPage, Inc.
Arben Skivjani is an Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and modeling, economic impact studies, reporting and analysis of macroeconomic indicators that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York. As a native of Kosovo, Arben worked on several projects for the United Nations World Health Organization and the European Agency for Reconstruction in Southeastern Europe.
Arben is an active member the Dallas/Fort Worth Association for Business Economics and the National Association for Business Economics and served as a vice president and board member Alabama Economics Club.
Arben graduated with a bachelor’s degree in business administration from Auburn University at Montgomery and a master’s degree in economics from The University of Alabama.