George Livingston, founder and chairman of NAI Realvest
George Livingston, founder and chairman of NAI Realvest, said the multi-family and property management sectors will show the first gains, followed by industrial and then office properties.
“Multi-family development suffered a huge loss of inventory in Central Florida as developers converted rental communities to condominiums in 2005 and 2006,” Livingston said. “Now population growth is catching up with the market and we can expect to see substantial multi-family development in 2009,” he said.
Property management is already showing signs of strength for NAI Realvest, Livingston said. The firm currently manages more than three million square feet of space---that’
What’s more, NAI Realvest expects to add one million square feet of managed properties before the first quarter of 2009, with a big impact on the firm’s bottom line.
“The property management division’s profitability increases in proportion to the size of our portfolio of managed properties,”
For more information please contact:
George Livingston, Principal, NAI Realvest 407-875-9989 glivingston@
Janice Paiano, Director of Marketing NAI Realvest jpaiano@realvest.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
About NAI Realvest
NAI Realvest in Orlando, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services
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