The Real Deal Miami

Tough times for retail real estate ahead

November 19, 2008 11:29AM

The regional real estate market will remain weak and strained for some time,
said panelists at a program hosted by Commercial Real Estate Women Miami and
Commercial Industrial Association South Florida at the Hyatt in Coral Gables. Even
healthy retailers are cutting their portfolios 10 to 15 percent, and Paco Diaz,
senior vice president with CB Richard Ellis in Miami, said concessions are now required to
survive in a tenant-driven market.