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Portland's vacancy rate is extremely tight—8.9 percent (as of Q4 2015)—as rents continue to trend upwards, including within Class B and C space.
Select Class B space is now even outpacing traditional space in Class A properties (as more non-creative companies look for a creative feel), forcing Class A owners to reevaluate their options to compete for tenants.
More than 600,000 square feet of space is set to deliver in Q1 2016, but absorption levels should remain the same as tenants move into new buildings from leases signed in 2014 and 2015.No matter your areas of need, we’re here to help:
have the Portland market knowledge and experience to drive the highest
value on your real estate investments. This expertise—paired with
technology platforms that provide access to real-time market
activity—enables us to source off-market opportunities, maximize
untapped capital and bring extensive bidder knowledge to the table.
In 2014, our U.S. Capital Markets team completed more than 1,000 transactions, for a total transaction volume of $44.6 billion.
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With Trophy buildings achieving a 10.0 percent rent premium over other Skyline buildings, several new owners are repositioning their properties with the goal of returning them to Trophy status. Additionally, growth in tech leasing is driving some building owners to invest in making their spaces more creative, innovative and open. See a building-by-building analysis.
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