Portland office market tight, second only to San Francisco

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Thursday, July 25, 2013

The Portland metro area has one of the lowest office vacancy rates in the country, allowing landlords to push rents higher.

Portland's office market vacancy fell to 11.4 percent in the second quarter, brokerage Jones Lang LaSalle reported, the second-lowest rate in the nation among major cities. Only San Francisco has a tighter market.

The strong market isn't enough to spur much speculative office construction. But it's good news for property owners, especially those who might be looking to sell.

Read more at OregonLive.com.

 

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