True or False: The U.S. real estate asset market has evolved into two markets during the past decade.

The correct answer is true because over the past decade, the U.S. real estate asset market has indeed transformed into two distinct markets, often characterized as the residential market and the commercial market. This division has occurred due to various factors, including shifts in consumer behavior, investment patterns, and economic conditions.

In the residential market, there has been a surge in demand for single-family homes, driven by low interest rates and a desire for more space during the pandemic. On the other hand, the commercial real estate market has been affected by changing work habits, such as the rise of remote work, which has led to a reevaluation of office spaces and retail environments.

This delineation reflects the evolving needs and preferences of buyers and investors, as well as the impact of technological advancements and economic fluctuations. The market's bifurcation highlights the nuances that investors must navigate in decision-making and strategic positioning within these two segments.