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The US is experiencing an improvement in macro-level factors, according to Brian Bailey, CCIM, senior financial policy analyst with the Federal Reserve Bank of Atlanta. One noteworthy aspect of the national CRE landscape is that speculative developments are re-entering the marketplace, especially in the industrial sector, which could increase construction levels in some supply-constrained areas.

Values associated with multifamily and CBD office properties have surpassed 2007 peaks while retail, industrial, hospitality and suburban office values are improving but are significantly below 2007 peaks, according to several sources. Foreign capital is having a tremendous impact on CRE values in gateway markets.