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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.”

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