ORLANDO—Changing demographics and rapidly evolving technology will have varying—but profound—effects on different commercial real estate product categories, real estate analysts said at the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo, held here this week.

“What tenants want and what lenders want to lend on changes as landscapes keep changing,” said Kevin Riordan, managing director with Annaly Commercial Real Estate Group.

“Retailers and landlords are competing for time,” said Kristin Mueller, COO of retail and international director with Jones Lang LaSalle. “It's the new commodity. The pace of technology and the adoption of technology is absolutely extraordinary.”