2021 U.S. Economic Outlook & Multi-Suite Residential Rental Market Fundamentals
The U.S. multi-suite residential rental property market is projected to strengthen closer to the middle part of the current decade, following the COVID-19-induced economic contraction of 2020. According to Morguard’s second annual edition of the 2021 U.S. Economic Outlook & Market Fundamentals Report, there will be a period of softening over the near term as the pandemic continues to have a disproportionate impact on regional growth patterns. Ultimately, the sector will provide healthy risk-adjusted returns for investors over the longer term. The U.S.-focused report features national and regional trends for multi-suite residential rental properties, as well as a forecast of the sector’s expected near-term performance.
2020 Canadian Economic Outlook and Market Fundamentals Report
The 2020 Canada Economic Outlook and Market Fundamentals Report from Morguard predicts a positive outlook for commercial real estate assets in the multi-suite residential, industrial and office categories. The retail segment will remain resilient as it continues to adapt to shifts in consumer spending habits and e-commerce. In 2019, investors continued to place capital into commercial assets as Canada’s economy continued to expand, despite the global trade dispute and challenges in the oil and gas sector that impacted domestic business confidence. Commercial real estate, as one of the most attractive and stable long-term investments in 2019, will continue to attract interest from investors in 2020 with positive rental demand patterns. The report is published yearly with quarterly updates and is developed based on our experience in property management, Canadian REITs and property investment.
2020 Q4 Update - Canadian Economic Outlook and Market Fundamentals Report
The fourth quarter update of the 2020 Canadian Economic Outlook and Market Fundamentals Report found that the industrial sector of Canada’s commercial real estate remained robust despite the economic slowdown resulting from the pandemic. Healthy levels of multi-suite residential rental property sales were also recorded, as investors looked to the sector as a source of stable income with a positive performance outlook. Meanwhile, the sales pace of office and retail properties was relatively muted given the economic uncertainty as Canadians largely remained working and shopping from home in response to the second wave of COVID-19. Entering 2021, consumer and investor confidence is expected to return, dependent on further developments regarding the COVID-19 vaccine or more effective treatments.
2020 Q3 Update - Canadian Economic Outlook and Market Fundamentals Report
According to the third quarter update of the Canadian Economic Outlook and Market Fundamentals Report, the multi-suite residential and industrial sectors of Canada’s commercial real estate remained resilient despite the economic slowdown resulting from the pandemic. Meanwhile, the office and retail segments witnessed increased vacancy levels in most Canadian cities as restrictions in response to a second wave of COVID-19 kept Canadians working and shopping from home. Entering 2021, consumer and investor confidence are anticipated to return, aligned with further developments regarding a COVID-19 vaccine or more effective treatments.
2020 Q2 Update - Canadian Economic Outlook and Market Fundamentals Report
According to the second quarter update of the Canadian Economic Outlook and Market Fundamentals Report, some segments of the Canadian commercial real estate industry remained resilient. While the office leasing market softened between April and June, the industrial and multi-suite residential segments performed at healthy levels. In the interim, the retail property segment continued to struggle as restrictions imposed due to the COVID-19 pandemic forced non-essential retailers to close. Investors will continue to be selective when acquiring Canadian commercial investment properties over the near term. The uneven economic recovery is expected to begin across Canadian provinces in the second half of 2020.
2020 Q1 Update - Canadian Economic Outlook and Market Fundamentals Report
The COVID-19 pandemic impacted all areas of the commercial real estate industry in the first quarter of 2020 according to Morguard’s first quarter Economic Outlook and Market Fundamentals Research report. Investor confidence and sales were both impacted due to global trade effectively coming to a halt and “non-essential” businesses closing because of the spread of the virus. The strength of the industrial leasing sector continued in the first quarter with the national vacancy rate only slightly above the record-low of a year ago, though the near-term outlook will be impacted. What the road to recovery will look like and how long the industry will feel the effects of COVID-19 are the longer-term questions to consider.
2019 Canadian Economic Outlook and Market Fundamentals Report
In the 2019 Canadian Economic Outlook & Market Fundamentals report, Morguard predicts another year of robust commercial real estate investment activity in Canada, with healthy demand for quality assets. Over the last 18 months, investors placed capital into the market with confidence, resulting in record-high transaction volume. Commercial property investment shows no signs of slowing as investors continue to show interest in core properties with strong tenant profiles across Canada’s major markets – especially as density and repositioning continue to shape the real estate landscape. Morguard's report covers commercial, industrial, multi-suite residential and retail markets. It is published yearly, with quarterly updates to the report. Morguard develops these reports based on our experience in property management, Canadian REITs and property investment.
Download a copy of the 2019 Canadian Economic Outlook and Market Fundamentals Quarterly Updates:
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