He advises colleagues to start ventures now because land prices will shock them if they wait until next year.
"Land prices have stabilized nationally, but while the trend is also evident in Central Florida, there is a marked shortage of land where development is currently permitted," the founder/chairman of Maitland, FL-based Realvest Partners Inc. tells GlobeSt.com. "Clearly, higher land prices are imminent."
Livingston, a director of Virginia-based CORFAC International Inc., says, "Given the long lead time to develop, projects that are getting under way now will reap the greatest rewards at the first surge in demand," He stresses, "Now is the time to be aggressive."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
