- December 15, 2025
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Commercial real estate, particularly the retail variety, has taken a big hit from the coronavirus pandemic. Rent payments have been missed, and stores have been vacated as a quarantined populace shifts even more of its shopping online and away from brick-and-mortar establishments.
Office space, too, has entered turbulent times as businesses transition to remote workforces in response to the COVID-19 crisis. Even companies that own their headquarters, such as Tampa-based insurance firm HCI Group Inc. and Venice-based drinkware manufacturer Tervis, have put those buildings up for sale, seeking $47.5 million and $14.5 million, respectively, for the properties.