Theoretically yes, although the demand curve also comes into play. In a parallel universe where the risks of a pandemic/lockdown was known and taken seriously, you would definitely expect rents to be higher.
Please note that this isn't to say tenant laws are a mistake, but they do raise the price of rent for everyone.
In the current environment, asset value decreases and certain costs (prices charged) have decreased as the supply chain adapts to try to maintain break even volume.
Maybe it's different across the board.