This 2021 report by CBRE Limited takes a closer look impacts of the COVID-19 pandemic on the commercial real estate market across Canada. It explains how different market sectors (e.g., industrial, logistics) will continue growing as e-commerce demand remains strong, while the rebound in other sectors (e.g., office, retail, hotel) will depend on how vaccination roll-out evolves. The authors go on to provide a long-term outlook linked to demographic trends and the evolving digital economy. They provide a regional market analysis of Canadian urban centers using statistical information and underline that it is probably too soon to say exactly how remote working will impact demand for office space until workers return safely to office.
Key words: real estate, market sizing, property management, COVID-19