Commercial Real Estate, Capital, Insurance, Leasing & Management

Franklin Street’s Pat Kelly Comments on Covid-19 and Emerging Industry Trends

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Franklin Street's Pat Kelly Comments on Covid-19 Pandemic and Emerging Industry Trends

Excerpted from the Business Observer

Pat Kelly, a regional managing director with Tampa-based brokerage and investment firm Franklin Street and another NAIOP Tampa Bay leaders, agrees that new industrial development — especially of cold storage and freezer space — will likely increase if online grocery shopping becomes part of the crisis’ legacy.

But while the industrial sector may fare well, office and bricks-and-mortar retail will likely continue the struggles each faced prior to the outbreak of the virus earlier this year.

For office space, the health crisis could perpetuate the trend of decentralized work places and cause at least some company owners to reconsider their space requirements, experts say.For full story, visit:

Industry groups say Covid-19 pandemic will heighten existing and emerging trends within the industry.

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