Q4 2022 - Portland Office Submarket Report
With the continuation of negative absorption for the year (-470k), continued increased sublease space (2.3 M SF) and the continued challenges of Portland’s recovery, there’s good reason to be a Grinch at year end. Shadow vacancy is still likely near 40%, while the numbers have the vacancy rate hovering in the mid-high 20%. In the midst of the vacancy, we are all eagerly awaiting the completions of...[Read More]
