Commercial Real Estate Falling

I just read this article from USA Today on the status of Commercial Real Estate. Whenever I read these articles, I also like to read the comments ....make sure you read those. Notice that regarding Phoenix, they quote Elliot Pollack..a leading economist here. Bottom line is that we are around 20% vacancy (focused on office and retail) and it will take about three years to absorb enough to merit new construction. This is an opportunity for investors to acquire property at 50 cents on the dollar.