For 2012, U.S. real estate players must resign themselves to a slowing, grind-it-out recovery following a period of mostly sporadic growth, confined largely to “wealth island” real estate markets—the primary 24-hour gateways located along global pathways.
via Emerging Trends in Real Estate 2012 – CRE Console Blog.
Comment: ~ Commercial real estate yields are following Treasury yields lower. This may present short/medium-term capital gains but long-term pain when Treasury yields revert to their normal range.