Are We in a Real Estate Bubble?

I’m involved in building commercial and residential structures, but I don’t deal with the marketing or sales side of things. Lately, I’ve been wondering: almost every new building has empty commercial spaces, yet new buildings keep popping up every couple of weeks. Who’s buying these spaces — or are they even selling at all? From what I see, many builders are struggling financially and are just rolling along with bank loans, using borrowed money to keep things afloat. It makes me wonder if we’re in a real estate bubble that’s bound to burst. For reference, here are some examples of empty or slow moving spaces: -The new building right opposite Forum Mall completed 4–6 months ago and still mostly empty. -Ocean View building behind State Bank, filling up really slowly. -Rohan’s new buildings (the Pumpwell one, the Ballalbagh one). -The stretch of commercial buildings from Thokkottu to Kallapu. -Marian’s building opposite Padua School. And that’s just the tip of the iceberg. Maybe wealthy investors have bought these spaces in chunks and are struggling to rent or resell them. Or maybe they’re just sitting unsold altogether. What do you guys think? Is this a sign of a deeper issue in the market, or are we looking at a growing real estate bubble? Is Mangalore truly growing at a pace that justifies the rapid rise of new structures, or are we building faster than the city can keep up?