I believe rents could bubble, as the 90's in Chicago's commercial business spaces did. Though, as emathias said, low rents "help" the majority of people, it still hurts real estate investment (especially the condo market) as we would see little to no new construction as an overbuilt inventory is absorbed. It doesn't seem like we will see anything beyond stabilized rental prices, but it could easily become a bubble if investors get overzealous. I was probably being a bit hyperbolic in my last post. Also, I just realized how offpost my last post got. sorry. Lets try to continue this over in the Gen. Dev. thread if anyone wants to.
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“The test of a great building is in the marketplace. The Marketplace recognizes the value of quality architecture and endorses it in the sales price it is able to achieve.” — Jon Pickard, Principal, Pickard Chilton
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