Sam Lafoca/Construction Photography/Avalon/Getty Images US commercial real-estate values aren't likely to recover until 2040, according to Capital Economics' deputy chief property economist. That's due to higher interest rates and a shift to remote work trends, both reducing appetite for office space. "It's quite possible to see that recovery take much longer than the 15 years that we've penciled in and it could be well into the mid-2040s even," Kiran Raichura said.