Portland Economy ‘Standing Tall’

Historic downtown Portland Oregon Sign

Tenant demand in the Portland-area office market is 11 percent higher than any previous month on record and the vacancy rate is lower than it’s been since before 2000. So it’s no surprise that the vacancy rate is at 8.3 percent, which puts upward pressure on rents. The average rent rose 8.7 percent, to more than $25 per square foot (and about $30 per square foot in the central city). For more on this topic click here.