Yep, if you have some cash it's time to make some money. And, money will be made.
Commercial real estate is in DEEP shit.
The late 70's to early 80's was mild when compared to the potential lying ahead now.
The problem for office space, especially downtown office space like in Portland and San Francisco is there is no recovery plan. Not short term, mid term or long term. What business wants to locate in an unprotected shit hole and then try to lure customers to the shit hole?