Six of 10 markets saw an increase in rental rates over the prior quarter, and the national average net asking rent was up by almost 10% from the same period last year, according to CBRE. Company(S): Deloitte. © 2018 - Sun Dec 27 16:04:03 UTC 2020 PwC. This segment of industrial real estate has remained resilient throughout the pandemic—in large part because of a surge in demand from e-commerce, food delivery services, home improvement retailers and, to a lesser degree, medical supply companies. View in article. ... Pandemic reversed the outlook for both office and retail, causing heavy losses for large Canadian REITs. The Vancouver Real Estate Forum is now scheduled for Sept. 30. Even with these efforts to stay afloat, many retailers are worried the pandemic will permanently change consumer behaviour in favour of e-commerce. While some companies have begun bringing employees back to physical workplaces, returning to the office remains elusive. Canadian workforce of the future survey: Employees and employers adjust to a new world of work in the COVID-19 era. Top Canadian Real Estate Trends to Look for in 2021 Overall, there’s a sense of optimism and resilience headed into 2021. CBRE Canada's 2019 Outlook provides investors and tenants with a critical assessment of commercial property opportunities across the country. The company’s 2019 Canadian Economic Outlook and Market Fundamentals Report indicates Canadian commercial real estate remains an attractive asset class. August 5, 2020. With solid In the agricultural sector, for example, U.S. companies were granted access to the Canadian market. Building on an unprecedented 2019, Canadian commercial real estate will not only move forward in 2020, but several sectors will reach top speed. COVID-19 has weighed heavily on global commercial real estate investment. In our survey and interviews of industry players this year, we found a sense of unease among many in the Canadian real estate market. Foreign investment in Canadian commercial real estate dropped 70 per cent in the first half of the year amid a scarcity of large portfolios for sale, data from Altus Group Ltd. show. The biggest challenge, according to interviewees, is getting their hands on high-quality distribution space to facilitate e-commerce. The availability rate has edged up since the start of the pandemic, but at 3.5% nationally, it’s still well below the 10-year average of 5.1%. Browse 8 Commercial Real Estate listings in Outlook, SK ranging from office and retail spaces to land and commercial buildings to find the best deal. As the federal government’s rent relief program comes to an end, some tenants are looking to negotiate additional rent-free periods or new arrangements, including full conversion to rents based on percentage of sales. CREXi, one of the largest commercial real estate exchanges, is partnering with TheStreet for a free webinar: The Outlook for Investment in 2021: Obstacles & Opportunities. Please return later to access further reports. Canadian Real Estate Price Forecast. You have reached your report download limit for today. We cover new homes, investment transactions and commercial market inventory in key markets, and also provide intelligence on the national housing market and consumer home buying and borrowing patterns. Canadian real estate values have been a hot topic for some time, and even more so during the pandemic. It’s expected that grocery-anchored strip malls will fare best, as grocers have seen record sales during the pandemic. We asked employers and employees about their views on this in our recent Canadian workforce of the future survey. Enclosed malls have been hit particularly hard, and street retailers in downtown cores like Toronto, Montreal and Vancouver are seeing less foot traffic because many office towers are still mostly vacant. COVID-19 has weighed heavily on global commercial real estate investment. Toronto and Calgary are al… Informa Canada real estate events. All rights reserved. Continue exploring the 2021 real estate trends. At the recent Western edition of CBRE’s annual Canadian Market Outlook in Vancouver, the real estate services firm combined bullishness about the year ahead with warnings that the industry lags in embracing technological change. Much of the country continues to see tight market conditions, according to CBRE’s report on the Canadian industrial real estate market for the second quarter of 2020. Company(S): World Economic Forum. Source: CBRE Research, Real Capital Analytics (Americas), Q2 2020. 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