My team are welcome to come up with other ways to do it besides a 30 minute chat in a sterile room or over Zoom, but we need to keep a regular cadence of feedback, or our working relationships will deteriorate.
I have one guy who just wants to go for walks, so instead of getting in a room, we'll both walk 15 minutes to a Starbucks, grab some coffee, and walk back, and that gives us 30 minutes to chat. Only occasionally will I insist on doing it with a whiteboard or a laptop, but those are usually when there's something more "formal" about it. I'd say we only do it in an office room about once a quarter.
For some of my team, it's a 15 minute chat, for at least two of them, they turn into 60+ minutes of discussion. There's no one-size-fits-all here, but there has to be _something_, IMO.