Yes, that's exactly the lag I'm talking about. The banks won't allow the buildings to lease for less than they need to make per sqft to pay back their loans. Th

Yes, that's exactly the lag I'm talking about. The banks won't allow the buildings to lease for less than they need to make per sqft to pay back their loans. They'd rather foreclose, apparently. There's some reporting around this recently, I'm not in a position to look it up today but it should be easy to find!