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Tribeca Rentpocalypse?

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There's a lively thread developing on the WNYC website about the New York City rental market, including many theories on why rents will go up, go down, and/or stay flat. Some folks are also chiming in with neighborhood analysis. Et tu, Tribeca? "My roommate and i have a 2 bedroom in tribeca that we pay nearly $3000/month. the mgmt company is now renting the same type of unit in our building for $2195. that's 20% less per month! also, looking at other listings for places in the neighborhood you can see rents going way down- a 600 sq ft studio in a doorman building with gym, roof terrace etc for $1800? when do you see that?" [Brian Lehrer Show/WNYC]