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United States | Portland, OR

Report | Portland Office Insight - Q4 2015

Summary

A shift in mindset regarding how buildings are perceived has flipped Portland’s real estate market on its head.

No longer are your traditional Class A buildings automatically pulling in higher rents than creatively redesigned Class B space, forcing Class A landlords to get smarter in order to compete for tenants—although both classes of buildings are continuing to see rents rise (as of Q4 2015).

Absorption levels should remain strong through Q1 2016, with over 600,000 square feet of new space set to be delivered to tenants who signed leases in 2014-15. Q4 2015 alone saw more than 368,000 square feet of market absorption—with more than a third of that concentrated in the CBD.

Learn more about what’s happening—and what we expect to occur in the coming months—across Portland’s office market in our Q4 US Office Insight.

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