As Portland’s office vacancy rate hovers around 17%, some wonder if the housing market will feel the ripple effect. While commercial real estate faces challenges with more people working from home, the housing market has shown resilience. In fact, the demand for residential properties has remained strong, driven by Portland’s livability and unique neighborhoods.
However, as businesses reassess their office needs, some urban areas might see changes. This could lead to potential opportunities in mixed-use development, but it’s unlikely that the housing market will take a hit in the short term.
So, while commercial spaces may have a “For Lease” sign up, Portland’s residential market continues to hold steady. Have questions about buying or selling in this evolving landscape? I’m here to help!
#PortlandRealEstate #HousingMarket #OfficeVacancy #Realtor
