We are currently representing a buyer who’s in the market for a commercial building, condominium or cooperative. As I’ve been scouring the market, I’ve noticed that sale prices have increased dramatically over the past year. However, rental rates for retail property have gone down over the same period. Interest rates have been so low for so long that there seems to be a disconnect between rental rates and sales prices (i.e., a bubble). This is reflected in the fact that sellers are asking for capitalization rates under 5%.