Portland Pearl District Office Building Sells for $5.7 MillionÂ
The Gregory’s new owners can execute a ‘lease-up to stabilization strategy’ with the building sitting at 45% vacancy. Â
The Gregory’s new owners can execute a ‘lease-up to stabilization strategy’ with the building sitting at 45% vacancy. Â
Kidder Matthew senior VP says the commercial real estate market is adapting to reduced demand
A quarterly report by CBRE showed Portland’s commercial real estate vacancy rate rising, but the company’s field research manager is still bullish on the sector’s future.
The state averaged the third largest yearly drop in rent prices in the country, with prices in the Portland metro area leading the fall.
The CBRE report suggests difficulty changing medical offices and inability to adapt to remote work are behind the lag.
Affiliated Computer Services plans to add 250 jobs at its new Tigard call center, in addition to the 375 the company hired last summer.