ULI headquarters. Photo by Google ULI headquarters. Photo by Google

WASHINGTON, DC–Moderate is the word that best describes almost every facet of commercial real estate growth in the coming years. Sales volume, CMBS issuance, prices — all are expected to perform respectably, even better than average. But performance will not meet the industry’s high-water marks of recent years. This is according to a new three-year economic forecast from the Urban Land Institute Center for Capital Markets and Real Estate.