Larry Feldman, CEO of Feldman Equities in Tampa, said he thinks the two dynamics — more square footage per employee, but less aggregate space as more workers spend part of their time at home or another remote location — could offset each other.
“Obviously we survive on the occupancy of office buildings, but I think there will be adjustments to the size that people take,” Feldman said, “which could counterbalance some of the decisions people make to move home.” Read the article in the Tampa Bay Business Journal.
Tampa Bay's experiential real estate developments could be changed by coronavirus - Tampa Bay Business Journal
For the past decade, real estate developers in Tampa Bay and throughout the U.S. have pitched their projects as experiential - social gathering places that are an antidote to an increasingly online lifestyle. Seemingly overnight, the novel coronavirus outbreak brought that dynamic to a halt, sending people to the internet for everything from remote work to grocery deliveries.