Commercial Economic Issues and Trends Forum

According to Mark Vitner, Senior Economist of Wells Fargo Securities, economic growth remains relatively sluggish. The overall outlook is that GDP growth expected in 2016 is only 1.6 percent. Homebuilding and consumer spending is driving growth which is offsetting sluggish global influences.

Once again the Millennial generation’s shopping patterns have influenced the retail markets. Online shopping has affected job growth in the retail sector. Interesting how so much attention is given to the Millennials. Their generation is definitely influencing the world’s patterns.

The good news is that although in the recent months I’ve heard talk of a recession so many times, Mark Vitner suggests very little possibility of a recession in the near term.

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Veronica Malolos

Veronica Malolos, CRB, is a Commercial Realtor and CCIM Candidate. In 2014, she was mentored and then hired in 2015 by CCIM 2017 Global President, Robin Webb, at NAI Realvest. Her personal notable transactions include land sales for Walmart Neighborhood Market Store, St. Cloud Preparatory Academy, Carrousel Therapy Center, Cameron Preserve (a 200 unit multi-family site), Stevens Crossings Retail Village, Kid City USA, leases for Florida Congressman Darren Soto, Centerstate Automotive Inc. and a repurposed bank sale for St. Cloud Compounding Pharmacy. In her recent past, she was the Managing Broker of the top producing residential Remax office in her market area for four years. In her community of Osceola County, Florida, she is the Chair of the County Planning Commission, and a Trustee for the Osceola County Education Foundation Charter School Board. She is also the President and cofounder of the Community Land Trust of Osceola, Inc. As a REALTOR® of 13 years, she is a leader in her local, state and national REALTOR® Associations. She is also a Graduate and Alumnus of “Leadership Osceola”, and Graduate of both the Florida REALTORS® and National Association of REALTORS®' Leadership Academies. In 2010 she was Presidentof the Osceola County Association of REALTORS® and in 2014 was District 12 Vice President for the State Association, Florida REALTORS®. She believes that real estate practitioners should subscribe to the REALTOR® Code of Ethics and be an active voice for real estate in the community. She is an avid gardener, singer, a Mentor for the Take Stock in Children Program, a proud mother of 5, grandmother of 2 and faithful wife to her husband, Manny.

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