St. Pete Chamber presents: "Coronavirus Impact Insights. " 6-30-20

On this episode, John Barkett, broker and owner of Barkett Realty in St. Petersburg, joins Chris Steinocher, president and CEO of the St. Petersburg Area Chamber of Commerce, and Joe Hamilton, publisher of the St. Pete Catalyst, to talk about  real estate challenges and opportunities in the COVID-19 panedemic.

With increases in both the number of cases and the percent of people who test positive for the virus, “We are in a danger zone,” Steinocher said. One out of 10 people who get COVID-19 will go to an intensive care unit, he said. The hospital system, while strained, still has beds available, but could run out of beds if conditions continue to deteriorate, he said.

Additionally, the pandemic has brought economic hardships.

Barkett Realty, a full-service boutique brokerage for both commercial and residential real estate and focused on redevelopment, has been working with its clients and tenants to provide financial relief, in some cases deferring rent with partial repayment plans through the end of the year, or in other cases, helping navigate the Payroll Protection Program, which ends today.

There also is opportunity in real estate right now, John Barkett said.

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