In a recent interview on CNBC, Hessam Nadji, President and CEO of Marcus & Millichap, the commercial real estate investment firm, talked about vacancies in commercial real estate, concerns about older property loans maturing and individual banks taking a hit. 

Despite these multiple challenges of which the industry is well aware, multiple silver linings are emerging throughout the industry. Nadji clarified and put into context much of what's happening in both scenarios.

For example, the looming vacancy rate issue is not happening only in Seattle or San Francisco, he said. Pressure on office space is occurring across the industry and particularly in urban areas, which were affected so much by the pandemic and post-pandemic work environment. In addition, he said, it's important not to judge commercial real estate only by what's taking place in the office market but to look at its other sectors. Retail has recovered, he said. Apartment rentals are doing very well, and so are self-storage properties, hospitality and warehouses.