"The economy has bottomed," Livingston tells GlobeSt.com in this exclusive article. "Q1 2002 will be positive."
The developer says "the good news is that while Orlando is suffering a real estate recession, the cause is reduced demand rather than oversupply." He says "the slowing U.S. economy was the cause and, of course, the Sept. 11 tragedy drove the cycle deeper."
Livingston, president-elect, Central Florida chapter, National Association of Industrial and Office Properties, says "demand will increase when the economy begins to recover."
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