CBDoffice development has shifted vacancy from 10.2% two years ago to11.8% in fourth quarter 2019.
PORTLAND, OR—To be sure, there are shifts taking place in thismarket across most property types. For the first time in a longwhile, new industrial supply has outpaced demand. Moreover, newoffice development in the central business district has causedvacancy to increase from 10.2% two years ago to 11.8% as of fourthquarter 2019, according to a report by Cushman & Wakefield.
On the flip side, inclusionary housing along with state andlocal new housing policies have slowed down interest in multifamilydevelopment. And, albeit relatively stable, retail continues toface pressure from e-commerce.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
