What They're Saying: JLL

Tampa Bay’s office market hasn’t been greatly impacted by COVID-19 as yet, but the CRE brokerage firm remains cautious about the future of the secto in the region.

  • By Kevin McQuaid
  • | 6:00 a.m. July 31, 2020
COURTESY PHOTO -- Tampa Bay's office market hasn't been dramatically impacted by COVID-19 as yet, but future impacts could be forthcoming.
COURTESY PHOTO -- Tampa Bay's office market hasn't been dramatically impacted by COVID-19 as yet, but future impacts could be forthcoming.
  • Commercial Real Estate
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Commercial real estate brokerage firm JLL says that while the impact of the novel coronavirus on the Tampa Bay office market has been minimal to date, construction starts and pressure on rental rates will likely continue for the foreseeable future. In a pair of reports pertaining to the second quarter, JLL indicates that leasing activity this year as compared to 2019 has been anemic and little change is forecast.

 

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