Current Florida Market Overview & Forecast

Today we discuss the current Florida Market and the Market Forecast with Brian Alford, director of Market Analytics for CoStar Group. Brian uses market data analysis to give us a current high-level and detailed overview of Retail, Industrial, and Office – as well as his market forecast for each. These are certainly unsettling times with COVID-19 affecting various businesses and asset classes. The good news is that, according to Brian, the overall forecast looks pretty good and Florida will come out ok.

Key Discussion Points

[00:57] Opening remarks by Eric Odum and Steven Silverman

[04:17] About our guest: Brian Alford

[05:23] How is the Florida market doing in general?

[07:44] Give us an overview of Industrial, Retail, Office, and Multifamily

[12:06] So are we in a false market right now (August 2020)?

[14:40] What markets have you seen fare better than others here in Florida?

[16:28] Retail Market: Current Outlook and Future Trends

[25:39] Industrial Market: Current Outlook and Future Trends

[29:49] Office Market: Current Outlook and Future Trends

[38:37] How can folks get in touch with you?

[39:22] Closing comments by Eric & Steven

About our Guest

Brian Alford is director of Market Analytics in Florida for the CoStar Group. He is a market economist based out of the Tampa, Florida office. At CoStar, Brian analyzes commercial real estate market trends and economic indicators and produces daily written market and submarket reports across all commercial real estate sectors. He also maintains market forecasts and future trends into a concise and meaningful narrative.

Brian graduated from the Georgia Institute of Technology with a B.S. in Business Management and a certificate in Finance.

CONTACT INFO

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Market Outlook Now and After COVID-19

Today we talk with Jeremy Kloter, owner of Out Fast Property Management, about how the market is looking currently, how it will evolve over the next several months, and what the market will look like post COVID19. Eric thinks that after the evictions and foreclosures start hitting the market again, we will see a short flattening of the price curve, and then there will be a pricing bubble as the market heats up over the next 18 months. As Eric says, “You can’t dump trillions of dollars into the economy and have it not affect real asset values.”

We also discuss property prices, property management, fix-and-flips, and funds.

Key Discussion Points

[01:01] Opening remarks by Eric Odum

[02:19] About our guest: Jeremy Kloter

[03:29] Tell us about your background and how you got into real estate

[05:38] What are you seeing in the market, and how has it changed since COVID?

[08:06] Are you seeing prices of properties getting bid up very quickly?

[09:56] How do you see the market evolving the next several months and after COVID?

[15:03] From the property management side, are tenants – paying rent? struggling to pay rent? or taking advantage and not paying?

[18:16] Tell us about your “fix-and-flips” / “buy-and-hold” deals and how you’re structured

[22:03] Tell us about your fund and how you arrived at your process for raising capital

[24:40] How can folks get in touch with you?

[34:27] Closing comments by Eric

About our Guest

KloterJeremy1269101 Jeremy Kloter is the acting owner and broker of Out Fast Property Management. He’s been an investor since 2013 while he was oversees as a U.S. marine when he completed his first private lending deal. Jeremy has been involved with 100s of transactions through wholesaling, fix-and-flips, rental properties, property management, and joint venture.

As a guest on podcasts and radio, he has been recognized in the Florida Realtor magazine and is a trainer for the Landlord Property Management academy.

CONTACT INFO

Website: outfastpropertymanagement.com

Email: jeremy@outfastpropertymanagement.com

Phone: 813-324-5852

Facebook & LinkedIn: Jeremy Kloter