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Investment in healthcare real estate increases alongside population growth, aging.
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Snapshot orlando senior population growth
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© 2019 Jones
Lang LaSalle IP, Inc. All rights reserved. For more information, contact: Snapshot Investment in healthcare real estate increases alongside population growth and aging. Source: JLL Research, Office of Economic and Demographic Research Benjamin Landes | Benjamin.Landes@am.jll.com • Florida’s warm and predictable weather has helped to establish it as a favorite destination for retirees, both as a seasonal reprieve from harsh winter weather and as a place to live all year round. • Florida residents over the age of 65 make up 19.8 percent of the population, compared with just 16.0 percent nationally. Orlando’s senior population, however, is well below both of these at just 14.5 percent across the Orlando-Sanford-Kissimmee MSA. • Orange county had the lowest portion of seniors in the MSA at just 11.8 percent, compared to 25.7 percent in neighboring Lake County. • As the region grows in popularity and residents begin to age, the slice of the population over 65 is expected to grow to 16.7 percent, or nearly 500,000 people by 2025. • Developers are watching this trend and ramping up their investments in the healthcare sector. Tavistock’s Medical City at Lake Nona is a 650-acre planned community centered around teaching and practicing medicine. Smaller developments are also popping up throughout central Florida, currently four speculative medical offices are under construction and a dozen more are proposed and expected to break ground in the next 24 months. October 10, 2019 Orlando metro 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2010 2018 2020 2025 2030 2035 2040 2045 0 to 14 15 to 24 25 to 39 40 to 64 65+
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