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Will Disney’s relocation delay dampen Lake Nona’s corporate momentum?

By WFTV.com News Staff and Steven Ryzewski
Cast member walk out FILE PHOTO- A statue of Walt Disney and Mickey Mouse stand near the Cinderella Castle at the Magic Kingdom at Walt Disney World in Lake Buena Vista, Fla. on Jan. 9, 2019. With some workers across the U.S. threatening a walkout Tuesday, March 22, 2022, The Walt Disney Co. finds itself in a balancing act between the expectations of a diverse workforce and demands from an increasingly polarized, politicized marketplace. (AP Photo/John Raoux, File) (John Raoux/AP)
By WFTV.com News Staff and Steven Ryzewski

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

When Walt Disney Co.’s (NYSE: DIS) relocation of 2,000 jobs from California to Orlando’s Lake Nona first was announced, it functioned as gasoline poured on an area whose commercial real estate landscape already was on fire.

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Now, some wonder if the news that the timeline for the relocation has been elongated by a few years to 2026 will function as cold water on that momentum — particularly in regard to the Lake Nona region’s emergence as a major player in the world of corporate relocations.

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That’s not likely, according to Lisa McNatt, CoStar Group’s director of market analytics for the Orlando market.

Click here to read the full story on the Orlando Business Journal’s website.

©2022 Cox Media Group

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