US EditionReport: Portland Office Market Faces Structural Headwinds Amid Uneven Recovery - The Registry
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Report: Portland Office Market Faces Structural Headwinds Amid Uneven Recovery - The Registry
The Portland office market continued to grapple with structural challenges in the first quarter of 2025, reflecting a complex interplay of rising vacancies, subdued leasing activity and early signs of recovery in sales transactions. A Q1 2025 report by Kidder Mathews shows that the direct vacancy rate reached a record high of 14 percent, increasing 140 basis points from 12.6 percent in Q1 2024. Availability also rose sharply, climbing to 17.8 pe…
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