The worst may be over for commercial real estate (CRE) assets, yet a full recovery is still some distance away, according to a recent report from Goldman Sachs.

The analysis, shared by analystCaitlin Burrowson Friday, indicates that while the annual decline in CRE transaction volumes has likely bottomed out, significant challenges remain for a meaningful country-wide rebound, though some cities are exceptions.

CRE Market Has Bottomed, According To Goldman Sachs's Burrows

Goldman Sachs notes that leading indicators suggest the CRE market has seen the worst of its downturn.

Drawing comparisons to the Global Financial Crisis (GFC...