Commercial Real Estate & the Financial Shock of the Pandemic — David Joseph Simard
Commercial Real Estate & the Financial Shock of the Pandemic — David Joseph Simard

The COVID-19 pandemic has dramatically slowed national economies around the world. While few industries have escaped entirely unscathed, none have been hit as hard as the global commercial real estate sector. The second quarter of 2020 shows a dramatic decrease in commercial real estate transactions, with some data mirroring 2008’s global financial crisis. Despite some alarming data being discovered by experts, opinions are somewhat diverse regarding what data trends mean for the next several years and what hopefully is a post-COVID-19 world.

10 Potential Outcomes of the Current Commercial Real Estate Market

The following are just a few of the outcomes commercial real estate experts are preparing for.

A MARKET BUBBLE CONTINUES

Many experts…


Everyone talks about the importance of recovering from a crisis, whether it’s a war, pandemic, or natural disaster. Part of that recovery is bringing back small businesses and nonprofit organizations that were hit hardest by the disaster. While the crisis is ongoing, it’s recommended that every organization start rebuilding and reinventing everything from their brand to their assets.

Reevaluate the Audience

During a crisis, people’s needs and attitudes change. They may either decide to quit using certain products or services, switch to a new provider or continue with business as usual. Customers may realize that they can receive the same product purchased online…


The Power of Big Data in Commercial Real Estate — David Joseph Simard
The Power of Big Data in Commercial Real Estate — David Joseph Simard

Harnessing the power of big data is a game-changer in many industries. While some industries have a long history of harnessing big data, real estate has only started. In just a short period, big data has begun to revolutionize commercial real estate.

Big data consists of extremely large data sets that are analyzed computationally to reveal patterns, trends, and associations. Here is how big data is impacting commercial real estate.

First, big data has changed how appraisals are done. Conventional real estate evaluation methods were prone to a lot of errors. Moreover, these traditional appraisal methods were slow. Big data…


The Push for Sustainable Cities — David Joseph Simard
The Push for Sustainable Cities — David Joseph Simard

Climate change continues to remain a popular topic for a good reason. Environmental concerns persist in nearly every industry. As we make positive changes to reduce and reverse the harm, considering how we can implement greener practices and standards in every aspect of our lives and societies will be essential. Creating sustainable cities takes immense research, planning, and collaboration, but the payoff is worthwhile.

As we continue to endure the COVID-19 pandemic, sustainable cities present opportunities to improve the way we live in urban areas, especially when considering residents’ health and safety. Historically, many of the systems and structures in…


How Will Covid-19 Change the Face of Leadership? — David Joseph Simard
How Will Covid-19 Change the Face of Leadership? — David Joseph Simard

Every industry has endured the impact of the ongoing pandemic, and the lasting effects will continue to change the way we operate in personal and professional capacities. When it comes to the future of leadership, COVID-19 has disrupted traditional standards and altered how leaders are expected to behave and operate.

Personalization Over Standardization

Standardized practices have often been heralded as efficient. While efficiency is profitable and productive, the pandemic and a massive shift to remote work have demonstrated that cookie-cutter solutions are not the way to go. Instead, employees, leaders, and clients alike benefit from personalization and tailored business and service approaches. It…


The Influence of E-Commerce on Commercial Real Estate — David Joseph Simard
The Influence of E-Commerce on Commercial Real Estate — David Joseph Simard

Before the pandemic gripped the world, e-commerce had already begun to influence commercial real estate in a significant way. With digital storefronts competing with the traditional brick-and-mortar institutions, e-commerce has been rising in popularity due to its flexibility, diversity, and simplicity. Now, e-commerce elites like Amazon have begun expanding their reach by occupying more industrial properties to obtain more storage and distribution centers. Companies that dwell in both the brick-and-mortar and e-commerce realms note what customers want, especially amidst these unprecedented circumstances.

The Need for Logistics and Warehousing

As the e-commerce industry continues to grow, the need for logistics centers and warehouses also rises in priority…


How Commercial Real Estate Will Bounce Back After the Pandemic — David Joseph Simard
How Commercial Real Estate Will Bounce Back After the Pandemic — David Joseph Simard

Early projections regarding the commercial real estate market during the pandemic were optimistic. Over time, the market has become more volatile than perhaps initially expected. Still, as we approach an end to the pandemic, predictions of how the market will fare are tentatively promising. Other real estate areas may not perform as well, given the circumstance, and CRE will likely see some discrepancies across its diverse property types. …


The Fall of the Traditional Office and the Rise of Flex Spaces — David Joseph Simard
The Fall of the Traditional Office and the Rise of Flex Spaces — David Joseph Simard

Even before the COVID-19 pandemic sent millions of workers to work from their homes, remote work had begun to rise in popularity among workers and business owners alike. While there are certainly several benefits to traditional office environments, remote work can benefit companies in terms of finances and productivity. The death of the traditional office may not be imminent, but the pandemic has certainly demonstrated that those spaces may not be necessary for business success. Instead of the traditional office structure, landlords, investors, and business owners are turning to the development of flex spaces to fill those holes.

Flex spaces…


As a result of the pandemic, China’s real estate market has taken a significant blow. While their economy has begun to reopen and real estate development, sales, and other projects pick up steam, it is still uncertain what the future holds for China’s real estate market. Still, noting the existing trends that have influenced real estate development in recent years and assessing the pandemic’s impact should help shed light on how real estate development will look in other markets.

Existing Trends

Before the pandemic, China’s real estate market had shifted its focus to city clusters, mixed-use developments, and urban infrastructure. The more…


Driven by the rapid growth and advancements in both digital and mechanical technology, transportation is experiencing some of its biggest changes in a century. In turn, the real estate industry has experienced improvements because of new transportation trends. As technology continues to evolve, transportation will as well, and the changes will certainly affect the future of the real estate industry. These are a few of the ways in which mobility will affect real estate.

Locations

Investors and buyers typically look for great locations when they are making their purchase decisions. However, with the development of autonomous vehicles and other types of…

David Joseph Simard

David Joseph Simard is a successful real estate and development consultant currently focused on the Vancouver real estate market. http://davidjosephsimard.net

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store