The expected recovery in economic activity in Europe will provide more support to commercial real estate markets. Some of the main trends in place since the start of the crisis will persist in 2021, with differences in momentum among the four main real estate sectors (residential, retail, offices, and industrial/logistics), according to the Edmond de Rothschild Economic Research.
The situation should improve overall in 2021, and the German and Dutch markets would generally remain more robust.
While significant sector divergences were observed in 2020, some trends initiated by the pandemic should continue.
In particular, strong momentum is expected to continue in industrial and logistics real estate, and the residential sector should continue to be resilient.
Meanwhile, the office sector will begin to benefit in part from the recovery, while the coming quarters will remain gloomy for the retail sector.
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