Question
Discuss the Equilibrium Rental Rate in terms of changes in construction or development costs, the net rental rate that tenants are willing to pay, and
Discuss the Equilibrium Rental Rate in terms of changes in construction or development costs, the net rental rate that tenants are willing to pay, and prevailing cap rates. Presuming a market in equilibrium; Identify and discuss three market events that would change one of these factors to throw the market our of equilibrium. How might equilibrium be returned?
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
