A year and a half after the pandemic first hit Canadian shores, the commercial real estate landscape has undergone quite a transformation. Individuals and companies alike have had to adapt to a string of changes involving lockdowns, remote work and vaccination while, at the same time, managing their families. From a workplace perspective, the biggest disruptor has been the general adoption of remote work as companies were forced to operate around the lockdown restrictions imposed by provincial health authorities.

The impact on the commercial real estate market has been significant, more so for the office market with companies having to re-evaluate their overall workplace strategies. In the face of uncertainty, companies have remained cautious while they wait and see how things unfold in the new normal.