Which of the following asset classes is NOT typically covered in real estate consulting?

The chosen answer reflects a clear understanding of the various sectors typically examined in real estate consulting. Real estate consulting primarily focuses on physical assets and their market dynamics. Asset classes, such as residential, retail, and data centers, are intrinsically tied to real estate because they involve physical properties that can be bought, sold, developed, or leased.

Residential properties pertain to housing and apartments, which are fundamental components within real estate. Retail deals with properties designed for commerce, which are also key factors in the real estate landscape. Data centers, increasingly relevant in today's digital age, involve specialized real estate holdings designed for housing computer systems and telecommunications equipment.

In contrast, human resources pertains to the management of people within organizations and does not relate to real estate transactions or property management. This role focuses more on the operational side of businesses rather than an investment or property-centric approach that defines real estate consulting. Therefore, it rightly stands apart from the traditional asset classes that are explored within the realm of real estate consulting.