Projects move slower when agencies who require hard copies are involved because hard copies of documents have to be quarantined for a period of time, creating a lag. Nevertheless, business continues to be conducted, Garcia-Serra says.

"The projects that are in the pipeline are certainly moving forward," he says. "For newer projects, there has been some interest and people are looking at opportunities, but we are seeing some limitations because of the current situation and not being able to meet in person. But overall, the construction and development business in Miami-Dade has been more resilient than other businesses that were more exposed to the downside of this quarantine."

Garcia-Serra predicts that multifamily will be the first real estate sector to rebound due to the continuing need for affordable housing in the region. He puts assisted living in the same category. On the other side, he says the hard-hit hotel industry will take more time to come back, as will retail.

"Office will be interesting," he says. "Let's see if this experience has pushed us in the direction of more people working remotely from home and therefore less office space is needed. I think the jury is still out on that."