Miami’s red-hot commercial real estate market turns corner 

Decelerating leasing activity and rent growth across South Florida’s commercial real estate sectors are signs the region’s pandemic-fueled velocity is petering out, according to experts at the CCIM Institute Florida Chapter’s annual outlook conference.  Still, commercial real estate activity is expected to be healthy through this year.   Retail, especially grocery-anchored shopping centers, is outperforming other U.S. markets. Office rents are high and vacancies low amid a slump in new development. Industrial leasing prices are holding steady, but landlords are starting to offer tenant incentives. And multifamily is settling into a more normalized growth pattern after years of fast-paced development, panelists […]This article originally appeared on The Real Deal. Click here to read the full story.