2023 Real Estate Prices - Central Florida but applies to US
What do you guys expect to happen to asset classes as interest rates rise?

I’m seeing commercial property sit on the market at high prices / continue to be purchased at or close to high asking prices. 

Anyone expecting the market to crash or will the blood from other crashes flow and prop our market?
[{"id": "ix2ed3u", "text": "Green street said CRE prices dropped 7% in October.  Maybe not crash but it could crash.  I would expect it to fall a decent amount and will get worse before it gets better.", "replies": [], "depth": 1}, {"id": "ix3cs9o", "text": "People forget real estate is a local business. You can\u2019t guess what will happen to your local area based on national averages or forecasts.  If your area is still growing and the supply v demand scenarios point to growing prices then that\u2019s what you should watch, and do it per asset class. This isn\u2019t going to be a slowdown of broad strokes. \n\nPersonally, I believe central Florida is in a position of increased demand still, with somewhat limited supply in certain asset types. It should plateau and decelerate, but possibly will not recede.", "replies": [], "depth": 1}]