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Portland Office Availability Report October 2020

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On the heels of two large spaces available at Montgomery Park, downtown’s close-in submarkets “CBD Perimeter” have surpassed the CBD in terms of sublease availability as a percent of inventory, which is now 2.6%, compared to CBD’s 2.3%. The largest 10 spaces that have been on the market for 90 days or more decreased in average size by more than 2K SF, mostly from Branium Studios lease at Tanner Point. The largest 10 spaces that have come on the market in the last 30 days, however, are almost 11K SF larger than in August, mostly from Nike vacating Tektronix, Bldg 55, which brought 84K SF of direct space onto the market. Layoffs slowed considerably in the last month of Q3 and first month of Q4. Bon Appetit, Intel’s campus catering service, announced nearly 400 employees will be laid off, representing the largest in the Portland Metro during the months of September and October. 


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Portland Office Availability Report October 2020

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