It’s going to be a good year. South Florida Business leaders tell us why.
A new year always begins with refreshed optimism, and in 2014, that optimism was not misplaced.
It was a great year for the South Florida economy. And 2015 could be even better, with a national economy that just posted 5 percent growth in the third quarter and continued to boom in the final months of the year.
Two things that fuel any economy, low interest rates and oil prices, are likely to stay the course throughout 2015. Interest rates, even if they rise, will remain low. Oil prices, even if they rise, also will remain low. And money from foreign nationals looking for a piece of the American dream will continue flooding into South Florida.
Local business leaders say Florida’s real estate market will continue to sizzle, jobs will pay more and become more plentiful, and tourism will continue to thrive in the year ahead. Here’s a smattering of their observations:
Director of leasing and landlord representation, Franklin Street
“The strengthening of the dollar may hurt the purchasing power for foreign tourists over time due to the cost of travel to the United States. However, it will be some time before that really happens. Foreign spending here in the states is only growing, especially with programs that allow foreign currency to be placed here through such programs as EB-5.”