"Durable goods orders have been trending up, manufacturers are hiring again and payroll data is on the rise," NAR chief economist David Lereah says in a statement from the meeting. "Business spending will continue to grow and that will directly feed into a rising demand for commercial real estate space." Office vacancies are expected to stabilize as the job market starts to rise from the ashes, and there will be a minimal increase in rents this year before the rates increase by 3.5% next year.

Consistent consumer spending will result in a 1.6% increase in retail property rent this year, and changes in absorption will lead to rent increases of .5% in the warehouse facility arena. As for multifamily properties, the onslaught of echo boomers going out on their own and a growing immigrant population will bring vacancy rates down from 7.1% to 6.8% and lead to a slim increase in rents.

And there is more good news. "The value of commercial real estate has been holding up," Lereah tells GlobeSt.com. "The fundamentals are strong; it's a good deal."