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Local News

Commercial Real Estate Looking Good


The Bend Commercial Real Estate market showed slow growth at the end of 2012, but there was growth.

 

Compass Commercial Real Estate's market survey results indicate this is the second straight year for recovery.

 

Compass Commercial partner Howard Friedman says this is very good news on many fronts.  "This is very good news. The less vacancy means there is more people occupying spaces, which will lead to more demand.  Less supply and hopefully rising rates, for the landlords that have worked so hard to get these buildings leased. And especially in the industrial and retail markets, we're seeing very positive signs of growth."

 

Friedman says industrial vacancy rates in Bend dropped by about 7% between 2011 and 2012.

 

He says they are seeing a lot more growth in downtown Bend; especially with new restaurants coming in.


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