Near-term demand will remain well above historical norms, but absorption will likely ease from 2021 highs.

George Oliver's CASA project in Phoenix signed more new leases during COVID than any other building in Arizona.

"I'm assuming that the pandemic is going to continue to wind down, and that with each new wave the disruptions to the economy will be less significant."

Office delinquency rate at 0.9%, up from its pre-pandemic 0.1% rate; lodging and retail in worse shape.

Many CEOs from leading commercial real estate industry companies have already made a commitment to take action.

More than 700 attendees gathered in person at the 2021 CREW Network Convention here in Las Vegas, where morning keynote speaker Linda Alvarado of Alvarado Construction talked about her mistakes and about breaking barriers.

"There's a real opportunity for investors to use knowledge and expertise to outperform the market and to create value."

If the suggestion is put into action, it's unclear what the impact on CRE might be.