If we assume of 2% inflation every year since 1996, fair value today is suppose to be $12.3... Hence $10.50 psf today is still 17% lower as compare to 1996 peak.
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If we assume of 2% inflation every year since 1996, fair value today is suppose to be $12.3... Hence $10.50 psf today is still 17% lower as compare to 1996 peak.