The South Florida & Puerto Rico offices of NAI Global, NAI Miami, NAI Rauch Weaver Norfleet Kurtz & Co. (Fort Lauderdale), NAI Merin Hunter Codman (West Palm Beach) and NAI Puerto Rico held their Fourth Annual Florida Forum with attendance from over 300 business professionals, government officials, real estate developers, investors and brokers from the 11 NAI Global – Florida Region offices on November 16, 2017 at the Intercontinental Miami – Downtown.
The Forum focused on all things commercial real estate, and delved into topics including 2018’s economic trends, current and future commercial real estate conditions and most important, what classes and geographic sectors of each market offer superior return opportunities.
Newly elected City of Miami Mayor Suarez gave the opening remarks in his first official speech. The Mayor spoke eloquently about the pillars of his four-year plan which includes improving workforce housing opportunities, reducing traffic congestion, and emphasizing educational initiatives to train the current workforce to qualify for higher paying job opportunities.
Following Mayor Suarez, the Regional Executive for the Federal Reserve Bank of Atlanta, Karen Gilmore, informed guests about where the Federal Reserve projects the economy is heading.
The keynote speaker, Kiernan “KC” Conway, CCIM chief economist and Director of Research for the University of Alabama presented an understated, but detailed discussion on economic and real estate disrupters. His focus was on where growth will be…the southeast and Florida; the continuing strong demand for housing; the paradigm shift to “experiential retail” and the macro shift of “Industrial is the new retail” or, in layman’s terms, more people are buying more things online.
The South Florida & Puerto Rico offices of NAI Global will host next year’s event in the fourth quarter of 2018. If you would like to be added to the invitation list, please visit NAIFloridaforum.com.