ALEXANDRIA, VA—Fresh reports, such as Tuesday’s announcements that orders for durable goods rose last month and the Conference Board’s consumer confidence index is up, continue to point toward a gradual recovery in the US economy. But two leading commercial real estate researchers separately have posed the question of when—or if—that recovery will shift into higher gear. The answers, both conclude, aren’t clear at this point.

“Although the economy continues to move forward, it is doing so at a measured pace, which has encouraged businesses and consumers to alter spending patterns and adjust to limited growth,” writes Alexander Paul, EVP with Alexandria, VA-based Delta Associates. He characterizes this growth as “weak for a post-recession recovery,” albeit one that is likely to continue on a steady track through 2017, “barring a catastrophic event.”

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