office building dilemma

[Ward Hubbell]

I've had a 6,000 sq ft office building on the market for 18 months and my tenants are moving out in January. I've not had much action on the sale or lease front. Unless I get a tenant or a buyer, I'll have a $7k/mo payment starting in February. The building is on the outskirts of downtown in a major US city. I've got a 3% rate good till 2030 and about 1/2 the monthly payment ($3500 or so) goes to principal so that's a plus. I did a cash out refi a few years ago so I've taken some money off the table. Depending on how you value it, I've got around 30% equity. I'm trying to decide whether to hang in there, drop the price substantially or even consider giving it back to the bank. Thoughts?