The researchers with Jones Lang LaSalle predicted the pandemic "may change the appeal of working alongside strangers, and in unassigned seats in any office environment, at least in the short term."

The extension comes as the Labor Department reports that 20.5 million people lost their jobs in April, pushing the unemployment rate up to 14.7%.

Mana, best known for his downtown Miami and Wynwood real estate ventures, acquired McArthur Dairy's South Florida facilities for $16.5 million in a bankruptcy sale.

There were 34% of 110 surveyed investors who said they would avoid investing in retail-focused real estate projects because of the COVID-19 pandemic, said a recent survey by Prequin, a data analytics company for the alternative assets community.