It goes without saying – the last year and a half grappling with a worldwide pandemic has impacted many individuals, families, and industries tremendously. The commercial real estate market dealt with an unprecedented number of business shutdowns during what is likely to be the largest economic downturn of this generation. The good news is, most commercial real estate owners are optimistic about the future.
As companies begin to recover, it’s clear that Calgary anticipates a return to pre-pandemic growth in the next two years. Patience is key when it comes to leasing your commercial property this year. But what does this mean for you as a commercial real estate owner?
As the gears are starting back up to return to some form of ‘normalcy’, now is not the time to sit dormant but rather to strategize and remain competitive. Some companies that ended their previous tenancy will be looking for commercial leasing opportunities in Calgary. However, commercial property management companies are aware of the shifting demands in a post-pandemic world as a result of remote work, which brings us to our next point.
When companies began to work from home at the start of the pandemic, many survey results reported that most employees enjoyed working from home and prefer to do so even after restrictions are eased. As the months passed, however, many workers began anticipating returning to the workplace. Social interaction is a basic human need and, while the demand for remote work has risen, most workers want to be in a physical space with others in some capacity.
For this reason, commercial space for lease is still in demand but with some changes. Many companies are open to a hybrid world of remote and in-office work. Some are considering leasing flex space to meet this new way of working. Many business owners are looking for a space that allows for physically distanced cubicles and work areas. These are a few examples of how commercial property owners and management companies are shifting their approach to meet evolving needs.
E-commerce warehouses, digital agencies, logistics companies, to name a few, are some sectors that not only survived the economic downturn but grew during the pandemic. This highlights an opportunity for property managers to market their commercial space for lease in Calgary to be favourable for digital companies. Because tech companies rely heavily on secure and fast Internet connections, they’re looking for buildings that have invested in fibre optics or can guarantee access to a secure network. Other features like a meeting room with a projector and screen are ideal for digital companies that lean on collaborative work amongst team members.
In any case, this post-pandemic world is an opportunity for commercial property owners and management companies to recognize these changes and stand out as forward-thinking investors.
If you’re looking for industrial property management services in Calgary, you’ve come to the right place. At CMS Real Estate Ltd. we offer management services for your industrial property to help alleviate the pressure and strain that’s often associated with operating a commercial or industrial facility. As a full-service industrial real estate brokerage, we provide […]
With more than 35 years of experience, our team of qualified mortgage brokers at CMS Real Estate Ltd. is on your side. We’ll ensure the purchasing process – from beginning to end – goes as smoothly as possible. Our industrial mortgage brokers have an immense comprehension of the market, its existing trends, as well as […]
Are you in need of commercial mortgage brokerage services? Do you reside in the Calgary area? If so, you’re in the right place. CMS Real Estate Ltd. is a commercial mortgage brokerage company in Calgary – our team of commercial mortgage brokerage experts have been serving Calgarians for more than 35 years. Here’s how we […]
The city of Calgary is a hub for innovation. Its oil and gas sector has made Alberta a leading force in Canada’s economic growth. In addition to its picturesque surroundings, Calgary is a desirable city with attractive business growth opportunities. Diverse commercial locations make it a choice destination for local and multinational organizations seeking to […]
Our team at CMS Real Estate would like to wish you a festive holiday season and a happy new year! We appreciate your support and loyalty this past year and we look forward to continuing to serve you in 2022! As a Calgary-operated business, one of our great joys is being able to serve Calgarian […]
According to Costar’s 2021 Year In Review Report on Canada’s industrial sector: “Comparing to other major markets in Canada, Calgary’s industrial rents are considered to be good value, and will remain so as Calgary works toward positive rent growth, achieving this in 2022 across all industrial building types.” Whether you are purchasing, selling, or leasing […]
© Copyright 2022 CMS Real Estate Ltd.