SAN FRANCISCO—Slow-growing interest rates and a steadily improving job picture are underpinning the recovery for both commercial real estate and residential home sales, Marcus & Millichap's Hessam Nadji said recently. Senior vice president and chief strategy officer at Marcus & Millichap, the GlobeSt.com Thought Leader was interviewed on an August 25 segment of CNBC's “Worldwide Exchange.”

“The past few months have reaffirmed the US as a flight to safety, and our interest rates have actually declined, contrary to a lot of predictions,” Nadji told CNBC's Louisa Bojesen. That's expanding the time frame for what Nadji called “a very accommodative environment for both the housing market and commercial real estate. Couple that with the fact that we're adding 2.5 million to 2.7 million jobs per year on an annual run-rate basis, and the combination is really bringing about a very steady but impressive recovery for commercial real estate as well as housing in the US.”

Asked about the performance of CRE stocks at a time when stocks in general have been turning frothy, Nadji gave high marks to REITs. “They have economies of scale and very advanced management capabilities,” he told Bojesen. “And they're very strong buyers in the marketplace today, as well as developers. Because of those strengths that the industry has, coupled with the fact that the market fundamentals look very favorable, we expect the REITs to continue to perform very well.”

Also discussed in the video was the recovery rate of residential versus non-residential property For the full video, click here. For all coverage of Marcus & Millichap on GlobeSt.com, including columns and insights from Hessam Nadji, click here.