The title says it all. What do you think is the best asset class during this period of high-interest rates in the long term? Do you think in a recessionary environment there are great opportunities? Infill mixed-use development? Retail acquisition? Multifamily development?
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Answering this question without more information would be wildly misleading. As a whole, commercial real estate in the US has performed very well over the last 50 years. Giving a more granular answer would depend on the specific market or submarket you are looking at and the local supply and demand in that area.
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