The emergence of COVID-19 has drastically changed the overall sentiment of the real estate market. In a matter of weeks, optimism in the Winnipeg industrial market has shifted to uncertainty and insecurity as businesses, investors, landlords, and tenants have been forced to adjust to the rapidly changing circumstances.
- Cost containment, supply chain disruptions, and mobilizing the workforce to work remotely are just some of the short-term challenges companies are facing, while longer term implications are considered and contingency plans are put in place.