In city A central district office bldgs were selling at %10 CAP rate. If this office...

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In city A central district office bldgs were selling at %10 CAP rate. If this office bldgs expected to generate $20/SF: 1. Find develpt cost. 2. Determine the minimum rent rate and the maximum cap rate to trigger new developments. 3. Do you expect that long-run rent level will increase? Discuss. Use the editor to format your answer In city A central district office bldgs were selling at %10 CAP rate. If this office bldgs expected to generate $20/SF: 1. Find develpt cost. 2. Determine the minimum rent rate and the maximum cap rate to trigger new developments. 3. Do you expect that long-run rent level will increase? Discuss. Use the editor to format your answer