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Portland Sublease Report

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Like so much of life in 2020, uncertainty is the only trend people can count on. Subleases are no different. Any expectations of a sublease surge were quickly re-evaluated as growth of sublease availability remains 20 basis points below the 10-year average, at 0.9%. Aside from shaky predictions about what will transpire over the next year, most companies do not have solid enough information to make a decision about something as consequential as their physical footprint. According to a poll conducted by Colliers Global Occupier Services, 80% of workers would like to work from home at least one day per week when it becomes safe to return to the office. While this may seem to suggest occupiers may need less real estate, many companies may not adopt more lenient work-from-home policies. Of course, tech companies—which accounted for 18% of Portland’s 100 largest leases in 2019—will be the most likely adopter of policies that allow for workplace flexibility. At this point, it remains to be seen how this period will impact office leasing.


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Portland Sublease Report

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