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Portland’s Office Market Hits 15.4% Vacancy as 4.8MM SQFT Trades Hands in 2025
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Portland’s Office Market Hits 15.4% Vacancy as 4.8MM SQFT Trades Hands in 2025
Weak leasing, record sales volume, and $29.88 rents define a reset for downtown and suburban buildings In many U.S. cities, the office sector is still trying to find a stable footing after years of hybrid work and economic uncertainty, and Portland’s numbers at the end of 2025 show just how far that adjustment has gone. According to Kidder Mathews’ 4Q 2025 Portland Office Market report, the metro ended the year with a direct vacancy rate of 15.4…
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