Competition for the currently available supply of locations and space coupled with the existing supply of leasable space, determines:

Question

Quizplus · Accepted Answer

The competition for available locations and space, combined with the current supply of leasable space, directly affects the level of rental rates for each submarket and property. As demand for space increases, rental rates tend to rise, and vice versa. Therefore, the current level of rental rates is primarily determined by the balance between supply and demand in the market.

Competition for the Currently Available Supply of Locations and Space