Will Workers Return to the Office?

REITs are suffering – but there may be new tenants and opportunities soon.

Yan Barcelo 12 May, 2021 | 1:12AM
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Offices

Amidst the backdrop of a continuing bull market in residential properties, commercial real estate is still recovering. But there are new signs of hope and opportunities in an evolving demand mix.

At the end of the first quarter of 2021, the aggregate price of a home in Canada increased by 14.1%, “as strong demand continues to outpace supply”, according to Royal LePage’s most recent market study, which forecasts that 2021 will finish with a 13.5% increase. The situation with office and retail real estate is a stark contrast to what’s happening in the suburbs.

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About Author

Yan Barcelo  is a veteran financial and economic journalist with more than 30 years of experience, writing for many publications in Toronto and in Montreal, including CPA MagazineLes Affaires and Commerce.

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