Oct 22, 2024

Industry News: Florida Real Estate Following Hurricanes, Fed’s Interest Rate Plan for Nov/Dec, and Office Construction Slowdown in DFW

Ryan and Charles Covey dive into Florida's real estate response to hurricanes, the Fed's cautious approach to interest rate cuts, and the pause in Dallas-Fort Worth office construction.

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Episode Overview

In this episode of The Land Development Podcast, hosts Ryan Glick and Charles Covey discuss Florida’s real estate market following the recent hurricanes. The conversation highlights how attractive policies and a warmer climate continue to draw residents and businesses, despite risks.

The focus then shifts to the Federal Reserve’s recent rate cut and its implications. With caution emphasized by Fed officials, Ryan and Charles analyze how potential interest rate reductions could influence economic growth and the real estate sector, especially as it relates to development timelines and market expectations.

Next, the discussion moves to the pause in Dallas-Fort Worth’s office construction—a trend not seen since 2010. The hosts examine what this means for developers, tenants, and future leasing activities, noting a strong shift toward high-quality, mixed-use spaces.

Wrapping up, the episode touches on Amazon’s new return-to-office mandate, exploring how this decision could set a precedent for other companies and potentially reshape the real estate landscape.

Guest Details
Charles Covey
Founder & President @ LandVest Development
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