Who’s On the Move – Week Ending 1/16/09

So according to a recent report from a large, national commercial real estate firm, Portland is the No. 2 office market in the nation. What does that mean? Well, I don’t really know what the basis for the rankings were, but I would concur that our office market is not experiencing the drastic rent changes that other markets are, such as New York, Phoenix and Los Angeles. But our market tends to lag behind the national trends by about six months, so come February we may start to see some more significant rent decreases, particularly in the suburbs. We do not have an excess of supply in the CBD right now, which is helping to keep us from spiraling downward, but in 2010 we’ll see another major high-rise delivered and things could get a little “twitchy” if the economy hasn’t started recovering by then.

TechDex (apps|hardware|provider|var)

Westside

Nikon Precision – Sunset Corp Park | 22845 NW Bennett | 9,155 SF

SiOnyx – Parkside Biz Center | 8275 SW Nimbus | 3,185 SF

TKO Solutions – One Centerpointe Drive | 2,443 SF

Vancouver

Apple – The Columbian | 515 Esther St. | 6,000 SF

DesignDex (A/E|consulting|graphic d)

Westside

Western Architectural – Lincoln Center | 10220 SW Greenburg | 3,910 SF

Comps Around Town

	Submarket	Size	Term	Rate	Free Rent	New/Renew	Bldg Type
	Tualatin	3400	2 yrs	$22.50	1 mth	Renew	Class A
	CBD-Pearl	4700	5 yrs	$18.50	1 mth	New	Class C-H
	CBD	8200	7 yrs	$24.00	2 mths	New	Class A
	Eastside	1150	5 yrs	$22.00	none	New	Class B

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