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Ten-X ranks Portland’s office market the #1 “buy” market for investors.

  • ​​Ten-X’s 2018 office market outlook has ranked Portland #1 in the top 5 best markets for investors to consider purchasing office properties. Last year ULI ranked Portland the #2 best market in the country to buy office real estate in their annual Emerging Trends in Real Estate 2018.

  • A fast growing labor force (up 3.8 percent in 2017) is fueling strong employment growth (non-farm employment increased 2.7 percent in 2017) and office demand remains robust, pushing rents to record highs of $29.23 full service.

  • Portland ended the year with a vacancy rate of 9.9 percent, the 5th lowest in the country, while adding 679,100 square feet to its office for the year.

  • The ownership makeup of CBD office buildings has changed dramatically, with institutional ownership up 50% between 2005 and 2015. In 2017 alone, 12 of the 15 office buildings in the CBD that sold for more than $10 million were to institutional owners.

Source: JLL Research, Ten-X, BLS​

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