CoStar Canada 2020 Year in Review

The COVID-19 pandemic left its mark on almost every facet of society in 2020, making 2020 one of the most unprecedented years in recent history:

• Industrial real estate was resilient and, in some markets, thrived in 2020. Options to find big box industrial space remained limited while developers and investors continued to be challenged to deliver enough new product.

• Hard-hit bricks and mortar retail saw an acceleration in the disruptions it was already experiencing over the last few years.

• Office faced the greatest uncertainty as a large part of the tenant base across the country worked from home.

• Real estate transactions stalled in the wake of the pandemic, but distress was limited.

This year-end report will discuss in detail these developments and how each sector is adapting to the “new normal”.