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Critical Real Estate Sector Staggering in Portland

DJC Oregon   |   Chuck Slothower

Posted In — News & Press | In the News

Portland’s office market saw its vacancy rate hit a record of 13.5 percent during the last three months of 2024, Kidder Mathews stated in its fourth quarter report.

Direct vacancies have risen for eight consecutive quarters. There was little silver lining for brokers looking to make deals — leasing activity fell almost 50 percent for the fourth quarter compared to the previous year, to a new record low of 524,000 square feet.

For the full story, go to the DJC Oregon.

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