Business
Canadian office leasing market showed early signs of recovery in second quarter of 2021: Morguard
Canadian office leasing market showed early signs of recovery in second quarter of 2021: ...
About this update from Morguard Corporation
[{"type":"text","content":"\n \n \n \n Canadian office leasing market showed early signs of recovery in second quarter of 2021: Morguard\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Office leasing activity showed signs of increased business confidence due to a more optimistic economic and public health outlook\n \n \n Multi-suite residential rental and industrial properties remained popular with investors\n \n \n Demand for retail properties with defensive attributes remained relatively stable and positive\n \n \n \n \n MISSISSAUGA, ON\n \n ,\n \n Aug. 11, 2021\n \n /CNW/ - The Canadian office leasing market displayed early signs of recovery in the second quarter of 2021, according to Morguard's 2021 Canadian Economic Outlook and Market Fundamentals Second Quarter Update (\"Morguard\") (TSX: MRC). Investors continued to target multi-suite residential rental and industrial property acquisitions given the rising economic optimism. The brisk roll out of the nation's vaccine program and resulting uptick in domestic demand is expected to continue to increase investor confidence across the major commercial real estate segments in the second half of 2021.\n \n \n \"Prime office sector investment properties and necessities-based retail were popular with investors, and multi-suite residential rental and industrial remained attractive investment options,\" said\n \n Keith Reading\n \n , Director, Research at Morguard. \"Positive shifts in the market moving forward, are attributable mostly to a return to post-pandemic normalcy and continued economic recovery.\"\n \n \n \n Multi-Suite Residential Rental Real Estate\n \n \n The multi-suite residential rental segment experienced strong interest from investors in the second quarter of 2021. The brisk roll out of the nation's vaccine program and relaxing of pandemic restrictions will support the return of foreign students and international immigrants in the late summer and early fall. As a result, multi-suite residential rental demand will increase substantially. With two quarters of consistent, strong performance, ...