Office vacancies in the Portland market reached 13.2% in the third quarter of this year, according to commercial real estate firm Kidder Mathews’ real estate report. That’s the highest Portland office vacancy rate in recorded by Kidder Mathews in its 20-year history, but asking prices held stagnant at $28.68 per square foot. And while rental vacancy is high, sales volumes for commercial real estate have increased, both year-over-year and quarter-over-quarter.
For the full story, go to Oregon Business.
© 2023 Oregon Business. All rights reserved.
