NAIOP South Florida, the Commercial Real Estate Development Association, kicked off this year’s programming with Economic Outlook 2019.
Hosted by NAIOP South Florida Board of Directors President Darcie Lunsford, executive vice president for Butters Realty & Management, Economic Outlook 2019 offered insightful commentary from Raymond James Financial Chief Economist Scott Brown, Brookwood Group Senior Vice President Mark Troen and Wells Fargo Senior Economist and Managing Director Mark Vitner.
Panelists shared their perspectives on the state of the market, offered economic forecasts for 2019 and gave their predictions for the effects of the elections in 2020.
“I think there’s a very good chance that in the second half of 2020, we’ll see heightened uncertainty because of the upcoming election,” said Vitner. “I really don’t see a scenario where we don’t have another close election like we did in 2016 and we’re probably going to see 25 or 30 Democrats running for president. So the first half of 2020 – that may grab a lot of attention, but I don’t think the uncertainty will settle until the second half of the year. And it’s quite possible that we are going to have very diametrically opposed economic policies. We could have somebody from the very far left run against Trump, in which case the consequences for the economy would be pretty significant.”
For more information about NAIOP South Florida and upcoming events, visit naiopsfl.org.
About NAIOP South Florida
NAIOP South Florida is the largest chapter of NAIOP in the state. With more than 350 members representing constituents in Miami-Dade, Broward, Palm Beach, Martin and St. Lucie counties, the chapter is the leading commercial real estate development organization in the region. NAIOP supports commercial real estate professionals with advocacy, education and business opportunities and connects its members through a powerful North American network. For more information, visit naiopsfl.org.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises 19,000 members in North America. NAIOP advances responsible commercial real estate development and advocates for effective public policy. For more information, visit naiop.org.