The commercial real estate industry has had its own set of opportunities and challenges throughout 2020 and first half of 2021. It has witnessed a tremendous change over the last
few months due to the underlying forces of the pandemic. The industry has however, successfully managed to remain robust during the ongoing pandemic. The year 2020 ended on a good note for the CRE sector with signs of revival clearly visible from continuous lockdowns that were imposed and an increase in investment activity.

Despite the endless challenges faced by the sector, the ability to adapt to changing conditions and to bounce back quickly by re-strategizing enabled the commercial real estate market to stay afloat and resilient in the present scenario. With vaccination rollouts and slow easing of restrictions, CRE is transitioning to a recovery phase and is all poised to pick up pace, in the coming years.