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“Tampa’s commercial real estate market has been performing quite well compared to the rest of the country,” says Andrew Wright, Founder and Chairman of Franklin Street. “While some challenges have been experienced in other markets, Tampa has stood out positively in several aspects from economic development, wealth migration to a relatively healthy office market.”
While many office retail spaces closed around the country in favor of work-from-home alternatives, the impact was not felt as heavily in the Bay.
“The trend of remote work, which grew during the pandemic, has indeed impacted the demand for traditional office space in downtown areas across America, but this effect is not as pronounced in Tampa,” Wright says.
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