Portland becoming top retail real estate market

Portland becoming top retail real estate market

Falling vacancy and job gains are pushing Portland into one of the top retail real estate markets nationwide, according to commercial real estate firm Marcus & Millichap.

 

In an index that covers 44 metro areas across the country, Portland rose from No. 13 in 2011 to No. 6 in 2012. The firm predicts rent hikes in high-traffic urban districts as vacancy declines.
The firm says Portland also showed strength in retail sales and the growth in high-tech manufacturing jobs, good news for retail tenants -- and their landlords. Intel's new factory in Hillsboro contributed to the strong showing, though it's not expected to open until 2013.

Read more at OregonLive.com.

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