Excerpted from South Tampa Magazine (June 22, 2020)
Tampa residents have become accustomed to seeing cranes lifting steel beams onto downtown apartment towers and bulldozers clearing land for new office buildings in the Midtown Tampa development.
That won’t go away anytime soon, says Andrew Wright, the CEO and managing partner of the commercial real estate firm Franklin Street. But don’t expect to see any new projects get underway in the next six to 12 months.
“In terms of real estate projects themselves, for the most part, the trains are on the tracks. You don’t see that immediate adjustment like you would see, maybe, in a restaurant,” he says.