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Primary Industry
Time Execution to Specific Industry Real Estate Cycles
Companies should time the execution of their real estate plans to the cycle of their particular industry sector.
Since the commercial real estate sector is improving, how long do businesses have to implement the strategies you suggest?
 

George Livingston, Founder and Chairman, NAI Realvest
The execution timing should be tied to the overall economic and real estate cycle. The recovery in the economy is underway. The real estate cycle has bottomed. Rents are at or near their lows. Absorption is positive in many markets. Valuations should improve in the future. Within the overall real estate cycle, the several property types have their own cycle. Apartments are in a solid recovery now and new projects could be developed now. Retail, especially grocery-anchored strips, should be permitting and pre-leasing now and construction could start when ready. Industrial will be a year behind. Permit now, start construction in 12–18 months, and deliver in 18–24 months. Office is last; no need to hurry with this segment. These are general trends. Each market is different. Watch vacancy rates and absorption as indicators. Remember that new construction due to cost will be hard pressed to compete with existing vacant space. Market valuations must be watched too.
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About the Author

George Livingston, Founder and Chairman, NAI Realvest
George Livingston, founder and chairman of NAI Realvest, is an entrepreneurial executive and long-time real estate developer and commercial broker in Central Florida. Livingston advises and represents foreign investors, provides real estate services for fast growing companies, and represents lenders in the disposition of special assets. He also represents buyers acquiring investment properties, as well as providing tenant representation and site selection services. His clients include corporations, real estate owners, investors, and developers.

More articles by George Livingston

Christie Alexander, Principal, NAI Realvest
An NAI Realvest principal, Christie Alexander teams with NAI Realvest Chairman George Livingston to provide brokerage and advisory services for their clients, who rely on her expertise, professionalism, and exceptional dedication in maximizing the value of their real estate assets and guiding and completing their property acquisitions and dispositions. Alexander’s 25+ year commercial real estate career includes sales and leasing of office, retail, land, investment, and industrial properties, plus an extensive consulting background in market analysis, feasibility studies and due diligence. A business writer as well, she has more than 100 published articles on real estate and economy topics.

More articles by Christie Alexander

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