For instance, more than half of respondents said policy and regulation would impact CRE negatively.

Investor interest in this bright corner of the retail landscape resulted in significant cap rate compression.

"While some grocers were negatively impacted by pandemic retail patterns, many possessed the brand relationship necessary to drive a strong recovery."

However, the rapid rent growth the sector has experienced this summer may be waning

Meanwhile listing rates have increased nationally, reaching $38.62 per square foot in July

"Lenders and borrowers seem to be more inclined to provide a path to survival."

Los Angeles, Chicago, and Houston are emerging life science markets.

The firm also says office NOI growth will likely not beat inflation over the next five years.