The last 5 years has seen globalization create sweeping changes throughout the business world, with residual effects emerging in every area of our lives. So how will globalization affect commercial real estate and investment?
Hundreds of new small businesses are being launched by Canadians every month, utilizing cloud computing software and advances in communications. Not only is this providing higher profit margins for new Canadian businesses, but it is also eliminating much of the money previously spent overseas, while bringing in revenues from a worldwide market. This promises to boost consumer spending in Canada, and give Canadians more disposable income to spend at local retailers, which in turn will boost the value of commercial real estate for those who are invested in it.