Another Year of Growth

December 31, 2021 – With all the activity in the space business, the aviation business and in advanced manufacturing on the Space Coast, it’s no wonder that the area is growing.

These types of businesses are bringing in talent to fill key jobs, and those people in turn need a place to live.

The master-planned community of Viera is perfectly situated to fill that need. The median price of a home in Viera is about $300,000, around $25,000 less than in the Orlando market.

“There’s development around the interchange that’s mixed-use, there’s development in the Viera Town Center,” Viera’s President Todd Pokrywa said. “There is this gravitational pull in Central Florida to Brevard County and Viera. When you look over the last 10 years or so, in 2010 the population was 20,000. With the census, the population is over 30,000 people.”

A 51% increase in population over the last ten years is remarkable, but not unexpected.

CENTRALLY COASTAL | CONVENIENTLY MASTER PLANNED

“It wasn’t what the Space Coast was 10, 20, 30 years ago,” Pokrywa said. “It’s a high-tech center. A lot of new millennials are coming into the market. Families are moving in here. We have big stakeholders –SpaceX, Blue Origin, Lockheed Martin, L3 Harris, Terran Orbital just announced they are bringing 2,000 new jobs to the Space Coast with an average annual salary of $84,000. So Viera being in the center of this market, there is really no better place.”

The plan for Viera has been taking shape for 30 years, and that planning is especially important during this time of growth.  2019 saw 500 new homes sold in Viera, and in 2020 that figure increased to more than 700.

“That’s a 45% increase in sales year over year,” Pokrywa said, “It’s challenging to be able to replenish your inventory in that short amount of time. We can’t get infrastructure in the ground fast enough,”

Demand is so brisk that Viera now has a lottery system to start the building process.

“Purchasers need to put down ahead of the new lot releases in certain neighborhoods in Viera, and then it’s a lottery. They randomly get chosen and have the opportunity to buy,” Pokrywa said.

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Source: clickorlando.com