The Real Deal Miami

Commercial outlook aired at conference

October 01, 2009 09:09AM

The region’s commercial real estate market will rebound slowly, but isn’t as badly off as media reports indicate, attendees of the fourth annual RealShare South Florida conference said on Wednesday. Conference speakers, including Jay Caplin, managing principal of Steelbridge Capital, said the state’s economy will pick up, but that the commercial market will remain slow over the next three years. Orlando Sharpe, president of Sharpe Project Development, said longer-term investments were necessary.