Bend office and retail market slows-industrial remains strong, labor tight

            Although Bend retail and office markets may have slowed as shown in recently released vacancy rates, industrial demand continues robust in the city as well as Redmond.

            That’s the trend for for the first quarter of 2018, reported in Compass Points, the newsletter of Bend-based Compass Commercial.

            Also noted in the report is the continued demand for labor in construction trades, evidenced by contractors paying subcontractors early on the billing cycle and drawing workers from as far away as Seattle.

            As compiled by Compass the Bend office market vacancy reate rose from 3.61% in the final quarter of 2017 to 4.22% in the first quarter of 2018.  The retail vacancy rate increased to 3.2% compared to 2.8% the prior quarter.

            But industrial market vacancies in Bend and Redmond combined saw a decrease from 2.7% to 1.82%, with Bend’s availability the lowest since 1994, the report noted.

            Read the full Compass Points .

Oh Spring!

      Thursday morning, April 19, at Mt. Bachelor, the premier ski area of the Northwest. staying open through Memorial Day each year. 
      This is what turns vistors and locals into Central Oregon boosters. Carve some turns in the morning--often in fresh powder--and head back 30 minutes to town for a late afternoon 18-holes on a half dozen courses in town.
      Oh Spring we love you!