Spencer Levy cautions that industrial and multifamily will confront short-term supply headwinds, and stresses that retail has been unfairly pummeled.

Lower-quality malls in markets with smaller populations and lower incomes will continue to close—a trend that is underway today, says Suzanne Mulvee, director of research at CoStar.

The good news for property owners is that there are consulting service companies that can act as a single point of contact for these assessments.