Research - FEBRUARY 13, 2018

Portland, Ore., ranks #1 for top 5 office buy markets

by Jody Barhanovich

Portland, Ore., ranks number one among the top five predicted office property buy markets in the United States from third quarter 2017 through 2021, according to Ten-X Commercial, a data-powered online commercial real estate transaction platform, in its latest U.S. Office Market Outlook report.

Despite some cooling in 2016, Portland’s economy continues its solid expansion with year-over-year job growth just below 2 percent. Unemployment is just below the national average at 3.9 percent, down 60 basis points from a year ago.

A recent uptick in demand has pulled Portland office vacancies below 12 percent as well for the first time this cycle.

Sacramento, Calif., came in second, with Dallas in third, followed by Tampa, Fla., in fourth and Long Island, N.Y., in fifth.

In addition, among the top five sell markets, Houston ranked number one, followed by San Francisco; Memphis, Tenn.; Baltimore; and Suburban, Md.

You can download the full report here.

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