In its mid-year office report, Colliers says with downtown vacancy down to 2.5% and demand high, CBD rents should break $30/sf before the end of the year. A far cry from the $50/sf grumblings coming from Seattle tenants, but nonetheless a milestone for Portland.
Here's a look at the first half highlights:
Leasing. Carrier Services leased 19,595 sf at the Wells Fargo Building. Portland Gas & Electric agreed to lease 35,000 sf at the 1400 SW Fifth Avenue Building, and Lucy.com leased 25,000 sf in the old State of Oregon Building.
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