For years, venture capitalists and tech firms from California descended on South Florida. As companies inked office leases from Wynwood to West Palm Beach, real estate players boasted about the tri-county region’s skyrocketing status to tech stardom.

“If you bought an office building that is heavily tech-focused from a tenant standpoint, and you have a loan coming due soon, how are the banks going to scrutinize your finances?” said Miguel Pinto, president of Miami-based commercial brokerage Apex Capital Realty. “Are they going to downgrade that NOI by 20 percent?”

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