Commercial Real Estate Faces Post-Pandemic Shakeup.

The commercial real estate sector is undergoing significant changes as it adjusts to the post-pandemic landscape. With remote work becoming more permanent, demand for office space has decreased, leading to higher vacancy rates and declining rents in many urban centres. Retail spaces are also being reimagined, with more emphasis on e-commerce and experiential offerings. Investors are shifting focus to sectors like industrial real estate and multifamily housing, which are seeing more stable demand. This transformation is expected to continue as the industry adapts to new consumer and business behaviours.