The commercial real estate market in Metro Vancouver has been affected by the pandemic, with the Bank of Canada taking steps to curb runaway inflation. The market has unique aspects, with population growth driven by economic immigration and a diversified regional economy. The office market has been challenged by remote work, but there are opportunities for tenants to expand or upgrade their office spaces. The industrial property sector is facing a scarcity of land for development, but innovative and environmentally friendly industrial developments are emerging. There is reason for optimism, with an announcement signalling a recovery from this downturn expected soon.