GlobeSt.com caught up with Kurt M. Westfield, director of investment at WC Companies, to get his thoughts on the matter in part two of our exclusive interview. You can still read part one: One Major Commercial Real Estate Concern for 2017.

GlobeSt.com: What are your predictions for the lending environment in 2017 and how will that impact commercial real estate investment strategies?

Westfield: The election is likely to have a major impact on the future of the lending environment. Rates are likely to rise given the length at which they've been suppressed and the largely perceived correction of our economy.

GlobeSt.com: Do you expect any movement toward secondary and even tertiary markets? Why or why not?

Westfield: Absolutely. Many prudent and non-institutional investors have already moved to tertiary markets early 2016.

As Millennials continue to make up a large percentage of the rental demographic, the multifamily sector continues to expand outside of the urban core markets. With the addition of amenities and marginally lower rent rates, secondary markets are offering investors a higher cap, a lower price per unit, and the ability to add value.

ATLANTA—The commercial real estate industry is still buzzing about President Donald Trump's potential impact on the market. Some don't believe the EB-5 program will survive, at least not in its current state.

That remains to be seen, of course. But the predictions continue.

One thing is certain, though. Trump is pushing to end the Dodd-Frank Act and the Consumer Financial Protection Bureau (CFPB), which was creating in response to the Great Recession in 2008.

Dodd-Frank is a federal law that places regulation of the financial industry in the government's hands. As its name suggest, the CFPB is a government agency responsible for consumer protection in the financial sector.

GlobeSt.com caught up with Kurt M. Westfield, director of investment at WC Companies, to get his thoughts on the matter in part two of our exclusive interview. You can still read part one: One Major Commercial Real Estate Concern for 2017.

GlobeSt.com: What are your predictions for the lending environment in 2017 and how will that impact commercial real estate investment strategies?

Westfield: The election is likely to have a major impact on the future of the lending environment. Rates are likely to rise given the length at which they've been suppressed and the largely perceived correction of our economy.

GlobeSt.com: Do you expect any movement toward secondary and even tertiary markets? Why or why not?

Westfield: Absolutely. Many prudent and non-institutional investors have already moved to tertiary markets early 2016.

As Millennials continue to make up a large percentage of the rental demographic, the multifamily sector continues to expand outside of the urban core markets. With the addition of amenities and marginally lower rent rates, secondary markets are offering investors a higher cap, a lower price per unit, and the ability to add value.