Vacancy rates in Medford appear less severe, but businesses seek smaller locations.
Business vacancy rates in downtown Medford may appear less severe than in previous recessions, but local businesses are relocating to smaller locations.
Thanks to the expansion of Rogue Community College and other government operations, downtown Medford has not seen dropoffs of the level experienced in the 1980s. One property manager said the vacancy rate there is at only about a third of the depth it sank to in those days.
But across the city, private businesses, large and small, have reduced staffs and space. With smaller staffs, some shop owners and professionals have relocated to smaller — and often newer — sites when their leases expired. Some have reduced the space they’re renting within their present buildings and others have retreated from commercial districts altogether and operate out of their homes.
Read more at the Mail Tribune.
{biztweet}Medford Oregon vacancies{/biztweet}
