While the second year of the COVID-19 pandemic has been full of both promising and daunting turning points – a largely successful mass vaccination campaign, the arrival of a highly contagious new variant just in time to disrupt the season. vacations for a population already exhausted by the pandemic — the outlook for the commercial real estate sector in 2021 has improved markedly. A wave of distressed properties never materialized, even in the poorly run hospitality and retail sectors. The occupying companies did not abandon the office en masse until the end of time. The multi-family and industrial sectors had one of their best years on record. With all of this in mind, we tried to use our galleries to give our readers a feel for what is happening across the country. Using both data from outside companies, including Yardi Matrix, CBRE, and JLL, and our own interviews with industry insiders, we looked at which multi-family markets would see the biggest rent increases by the end. of the year, where office owners were still able to increase rental rates and how office tenants were handling their returns to the office, how various investors raised equity in an environment disrupted by COVID-19 and what the outlook is for commercial real estate in 2022. In the following slides, we review some of our most important galleries of the year.