I haven't read the papers cited in this article, but I agree that as presented in the paper, they're awfully short-term. Without the knowledge of whether these

I haven't read the papers cited in this article, but I agree that as presented in the paper, they're awfully short-term. Without the knowledge of whether these trends continue into the long-term, these (small-percentage) dips in rent could be caused by any number of factors ranging from the decrease of rent caused by the recent construction of the buildings to the more abstract uncertainty of what changes in neighborhood composition an influx of people lured by a high-rise might cause. Like I said, maybe that sort of thing is addressed in the papers, but as presented it isn't addressed outside of that comment about arson.