Peter Muoio Peter Muoio is the chief economist for Ten-X.

Investors are predicting and preparing for the next recession. The increase in caution and conservatism could actually reduce the impact of a downturn if and when it hits. The severity of the last recession has driven an increase in caution among investors, particularly as the cycle matures.

"The memory of the last recession was searing enough that there is persistence in not getting carried away like last time," Peter Muoio, chief economist and head of data insights at Ten-X Commercial, tells GlobeSt.com. "For a lot of people the last recession—the financial crisis—is the only recession that they have been through professionally. When they hear the terms business cycle or downturn, it is almost triggering because it was so awful last time."

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.