Commercial Realty WatchMarch 6, 2021
Q4 2020 TRREB Commercial Statistics
March 6, 2021 – TRREB Commercial Network Members reported 5,524,894 square feet of leased space through TRREB’s MLS® System in Q4 2020 for all lease transaction types across the industrial, commercial/retail and office market segments.
The industrial and commercial/retail segments faired well in Q4 2020, both in terms of leasing activity on property sales, despite the pandemic. The office leasing segment experienced a year-over-year decline in space leased. This follows the general trend of many office workers transitioning to the home office and the uncertainty surrounding when workers will be able to return to their offices en masse and how space requirements may change in the post-COVID period.