Rising Inflation, Interest Rates Add to Persisting Uncertainty About Downtown Office Market

Business Tribune   |   Melody Finnemore

Posted In — News & Press | In the News

Landlords of office buildings in downtown Portland continue to try to sweeten the pot to attract tenants, even as a growing number of companies are surveying their employees to determine whether to institute remote working permanently or move to the suburbs.

Kidder Mathews reports that direct vacancy rates increased to 11.9% in the second quarter of 2022 compared to 11.7% last quarter and 10.6% last year. Net absorption was negative 243,135 square feet.

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