Use the 4 quadrant model to 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 how the 4 quadrant model would change to restore equilibrium, three market events that would change one of these factors to throw the market our of equilibrium. How might equilibrium be returned? What economic activity, external to real estate markets could have caused such an adjustment? Discuss what this would do to property values and investment perspectives in the Asset Market. How might these changes impact the Space Market, in the short term and in the long term? Presuming that this drop in Capitalization Rates is accompanied by a zero-growth general business environment, what imbalance might there be in market influence between buyers (landlords / investors) and users of space (tenants)? VWhat sort of market feedback loops are at work?