Many metro offices were physically vacant years ago. The lease agreements/terminations are finally catching up to the vacancies.
Ultimately, the outcome is good especially for young families where the 10 hour/day devotion to the middle-management losers has proven to be a waste of time.
More room for illegals.
NAIOP got the memo - the problem is their members are sitting on acres of property they want to build on and pass the vacant building on to investors.
NAIOP is really pushing the building of Cold Storage warehouses for frozen food - those are still in demand.