History will record 2020 as a year of convulsive change. Governments and populations across the globe struggled to control the spread of COVID-19 while also trying to manage the knock-on effects of a broad range of pandemic control measures. Hardly any area of economic or social activity has been unaffected.
What of commercial real estate? As expected many of the conventional measures of market activity, such as investment turnover and leasing demand, weakened sharply in 2020. But in many parts of the market values have remained surprisingly resilient, supported in part by the massive scale of government and central bank interventions. And of course impacts and prospects are not evenly distributed across all parts of the market, which makes it all the more important to assess the underlying fundamentals and to formulate informed strategies.
For further details on which sectors are thriving and which are facing substantial challenges in each of the Nordic countries, download the full reports below.