Stubborn Office Vacancy Rates in Quincy, MA & The "New Quincy" Center

An interesting market here less than 7 miles to Boston with so many vacancies. Anyone speculating around the "new Quincy Center" project (which has started construction!) should read this article for some sobering numbers. Between the lines here you can read that there is a lot of vacant office space in Quincy in two very nice office parks in the north and south part of Quincy. The stubborn office vacancy rates and recent sales should sober investors and appears to have done so as buildings are selling at bargain prices.

http://www.patriotledger.com/archive/x1293261333/Recent-Quincy-office-space-purchases-could-portend-upswing-in-local-market 

The very able developers in Quincy Center have been delaying announcements about the center project. It would seem that anchor tenants have not been stepping forward to lease space in the center project.  Investors can see that they can purchase for less than a new build.

My queston:  Why are Quincy landlords waiting for the boats to rise with a recovering market? Dropping their square footage rates would attract tenants, build momentum and at least pay for part of their debt load.  The able Lincoln Property Company Q2 2013 Quarter Preview offers a $24/SF rate for the inner suburbs. Take a look: http://www.lpcboston.com/email/Quarter%20Preview.pdf The $24 a SF is what Quincy Landlords would like to get and are not getting yet.