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In Questions 1 and 2, rent was assumed to be fixed over time. In reality, this is not the case. The growth in rent for
In Questions 1 and 2, rent was assumed to be fixed over time. In reality, this is not the case. The growth in rent for each of the three buildings is likely to differ because, even though the buildings are the same, they are in different locations. Assume that each building's rent is currently at its fair market value. Describe how the rent levels might change in the future. Which building would you invest in? Use your understanding of urban economics to inform your answer. Please limit your answer to 300 words
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