Tampa Bay Times Discusses Impact of Coronavirus Pandemic on Florida’s Real Estate and Construction Industry with Robert Stern
Originally published by the Tampa Bay Times on March 19, 2020.
The coronavirus pandemic is hitting Florida’s real estate and construction industry with the destructive force of a hurricane, except maybe worse, because hurricanes usually strike only part of the state.
That’s the observation of veteran Tampa attorney Robert Stern, who co-leads the real estate and lending transactions group at Trenam Law.
“This is an economic hurricane, and it does impact the entire state, not just a specific swath,” he said. Stern told the Tampa Bay Times he sees “five profound impacts” on Florida’s real estate industry, which the National Association of Realtors estimates accounted for $227.3 billion, or nearly 22 percent of Florida’s gross state product, in 2018.
Click here to read the full conversation.