The election is now two weeks away. While the two presidential candidates are presenting widely divergent visions for the country, there probably will be little difference in commercial real estate performance, according to a new report from Newmark Group.

Over the past 40 years, annualized total returns averaged 9% under Democratic presidents and 8.2% under Republican presidents. In the report, Newmark says that economic and geopolitical factors likely have a more significant influence over office or apartment fundamentals than which political party is in charge.

"The outside events that are not directly controlled by American public policy tend to have a much greater impact on the commercial real estate market than the specifics that come out of Washington," Sandy Paul, senior managing director of national market research at Newmark Knight Frank's Washington, DC, office, tells GlobeSt.com.