Commercial Real Estate Revival: Sector Matters
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The pandemic left widely differing marks on commercial real estate markets. It gave the industrial segment a virtual booster shot, while multifamily, after a brief sniffle, was mostly immune to the virus. Both sectors are now thriving, supporting the economy’s recovery. By contrast, retail was laid low, and offices are only now convalescing. Big question marks cloud their outlook, depending on how profoundly shopping and working habits have been altered by the pandemic.
Sal Guatieri is a Senior Economist and Director at BMO Capital Markets, with two decades experience as a macro economist. With BMO Financial Group since 1994, his m…(..)
View Full Profile >Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing economic, fiscal and real estate trends in Canada. Robert regularly contribut…(..)
View Full Profile >The pandemic left widely differing marks on commercial real estate markets. It gave the industrial segment a virtual booster shot, while multifamily, after a brief sniffle, was mostly immune to the virus. Both sectors are now thriving, supporting the economy’s recovery. By contrast, retail was laid low, and offices are only now convalescing. Big question marks cloud their outlook, depending on how profoundly shopping and working habits have been altered by the pandemic.
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