[Alberta's Child]

Commercial real estate is a disaster in my town. Nice town, great place to live, etc. But there is so much vacant retail and office space that it's gotten alarming.

There are three new buildings in the downtown with first-floor retail space and two stories of condos above them. They were built within the last three years, and here's where things stand: (1) none of the commercial space has ever been leased, and (2) most of the condos were never sold, and are being rented as apartments if they are occupied at all.

[FromLori]

I have read so many similar stories from all over the country and then just today morgan stanley walked away from five large buildings

http://www.businessinsider.com/morgan-stanley-just-walks-away-from-five-san-fran-office-towers-2009-12