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 .
