Florida State University’s 15th Annual Real Estate Trends and Networking Conference was this week in Tallahassee, Florida. Sponsored in part by Sperry Van Ness | Southland Commercial, this event has continued to grow in popularity as attracting some of the best and brightest of Florida’s commercial real estate players.
This year’s conference focused on identifying opportunities in today’s distressed markets in the southeast, strategies for successful commercial property workouts, and understanding emerging global economic conditions and why they will change the way we will all do business.
You have heard the term “Bricks and Mortar” used in real estate, well, there is a new “Brick” in town, and it is spelled “BRIC” for Brazil, Russia, India and China. Some of the most exciting and biggest business opportunities are and will be in these markets or will come from dealing with investors from these countries.
Consider this… these four countries account for 42 percent of the world’s population and 22 percent of the world’s gross domestic product. China, in fact, will become the world’s largest economy by 2035 and have a middle class growing by 750 million people.
There are opportunities, we as commercial professionals must not stick our head in the sand and ignore our international clients, China in particular has a mind boggling amount of capital and reserves and is making strategic investments all over the world and much of it is in the United States. I personally, have been contacted by fellow commercial brokers representing various investment groups this year, all from China. This is telling me that I need to open my eyes to this and educate myself on these buyers and embrace it, because it is here to stay.
Rosetta Stone, here I come…
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