Commercial real estate has hit a "tipping point" that's "only going to accelerate over the next few years, according to one industry insider.

"I think we're going to go through a period of workouts now. I think we'll come out of it…I think that the real estate industry is cyclical and it is very, very nimble and adaptive," Goodwin's Minta Kay told CBRE's Spencer Levy on a recent podcast. "I am very confident and I believe highly that innovation is going to drive a lot of how the landscape is shaped and how the community invests and chooses to place its money going forward. I don't think we're any more old bricks and mortar and that's it."

Delinquencies are also on the decline, according to CWCapital's James Shevlin, who says the CRE market is "resilient" and will be bolstered by technological advances in the near term, particularly in the data space.