<p>“Several months ago, our view [was] that the GDP outlook for the U.S. was moderately positive, in the range of 2% year-over-year growth for 2016 and 2017 and, hopefully, 2018. That’s below trend [but] it’s still a supportive environment for the critical drivers of demand for virtually all kinds of commercial real estate,” says Chip McKinley, senior vice-president and portfolio manager with Cohen & Steers in New York. </p>