Sector | Answer |
Agricultural land |
|
Urban land |
|
Office |
|
Shopping |
|
Industrial properties |
|
Hotels |
|
Resort properties |
|
Rental housing & rental apartments |
|
Owner-occupied apartment or condominiums |
|
Detached houses, rowhouses or low-rise residence |
|
Residential land subdivision |
|
Retirement living |
|
Overall Assessment for your country |
|
A very real change in demand for office space. Reduced corporate travel has implications for hotels and restaurants. Resorts will probably rebound faster than expected, but still not fully until next year (2022).
Most segments of the business (brokerage, development, construction, property management, valuation, etc.) will see new challenges. Smaller, nimble companies and investment funds will be able to make rapid changes.