1.When we discussed the Space Market, also known as the Rental Market, we said rent is determined by the supply and demand dynamics of the space. What are the demand and supply drivers in the rental market?

2.How does segmentation affect rental prices for physically similar space?

3.When the quantity of space demandedequals the quantity supplied, the market is said to have reached ______________________________ (fill in the blank)

4.Per the chart below, what does the decline in cap rates from 2001 - 2007 tell you about the asset market and property values during that time?