The path to a “new normal”
We are living in unprecedented times, marred by escalating economic, political and social tensions that have been accelerated by the COVID-19 pandemic. As we try to make sense of how the recovery might unfold, we begin by revisiting the themes laid out at the start of the year in Perspective 2020. Many of the themes remain front and centre and in most cases have been amplified. What follows is a chartbook highlighting the underlying trends that will shape the economic outlook and its impact on the commercial real estate market.