According to global commercial real estate consultant CBRE, U.S. commercial investor sentiment and transaction activity are recovering from the depths of the COVID-19 crisis. CBRE is further reporting that at the end of July 2020, the number of signed confidentiality agreements was down by only 17% year-over-year--a marked improvement from the 74% drop-off in April and May 2020. This measure of revived investor interest could be a harbinger of a future rebound in commercial real estate transaction volume.