until they face reality and lower the rents to something more reasonable.. those buildings will remain empty for years to come
not to get too far off the original post, but anyone who built commercial in the last five years probably has a construction debt that won't allow them to take too low of a rent. They built their loans around expecting a certain rate of return on their square-footage. If they can't get the minimum, they will probably lose the property. Once the property has gone into foreclosure, then they will be picked up (hopefully) are a fair market value and the rents should be lower. But many people will be hurt in the process. I wonder how all those great REITs are doing now.