Jerry Allender, the Canaveral Port Authority Chairman, recently spoke about the Port’s economic outlook. According to Allender, the Port can expect to see double the annual volume of cruise passengers over the next five years, continuing cargo growth, and the development of The Cove as a part of the plan for a major shopping, dining, and entertainment center. Outside of the Port, Brevard County is seeing a resurgence of high demand for skilled engineers and tech professionals as companies like Harris and Northrop Grumman open hundreds of positions at their Space Coast locations. Smaller high-tech companies are also growing as local groups like Liberty IT Solutions gain national renown. Northrop Grumman recently won the Air Force’s coveted contract to develop a new stealth bomber, while Liberty IT Solutions signed a contract with the Dept. of Veterans Affairs to build software and network infrastructure.
To read more about Allender’s report, take a look at Florida Today’s story, or read about the growing number of tech jobs in this article. If you are planning to visit the Space Coast and are in need of accommodations, give us a call at (321)-784-5046 or e-mail us at [email protected]! If you are thinking about relocating to the Space Coast, give our real estate company, Vincent Keenan Realtors, a call today at (321) 784-6286!
At the end of 2015, the Space Coast Association of Realtors reported the year’s trend in home prices and sales. Overall, the county saw more than a 25 percent increase in the area’s median home price from 2014. In comparison, the nationwide real estate market didn’t do so well, with sales falling 10.5 percent, and the rate of sales falling to the slowest point in over two years. For Brevard County, one of the biggest factors driving the local market has been the high demand for real estate and the simultaneously low inventory. In addition to the overall trends, the Space Coast has also seen notable turnover in high-end property sales, especially among Brevard’s beach side.
For more information about the 2015 report, read Florida Today’s article. To continue reading about the top local sales, click here. If you are planning to visit the Space Coast and are in need of accommodations, give us a call at (321)-784-5046 or e-mail us at [email protected]!
