Interest rates vs rents

[Jon Gable]

I've been thinking a lot about interest rates, specifically, how I'm afraid of missing the boat on what are still historically pretty low rates. My question is this: do rents trend with interest rates? It seems logical - as borrowing costs increase, required returns increase as well to cover the additional expense. Has anyone actually experienced this via investing before and after the great interest rate slide?

Seems as though entering the market during a period of very low rates puts you at a perpetual competitive advantage compared to someone 5 years from now who's forced to borrow at double your rate.