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First Quarter Vacancy in CBD Class A at 12.6%

PORTLAND- Tom Usher, a senior director with Cushman & Wakefield, tells GlobeSt.com that he sees vacancy holding flat through mid-year. He also sees activity picking up, reiterating what many brokers around town have been telling GlobeSt.com since late January.

By Brian K. Miller | Updated on March 20, 2002

PORTLAND-According to an early first quarter report from Cushman & Wakefield, the class A direct vacancy rate for the Portland CBD stands at 8.8%. At the end of 2001, the same figure stood at 5.9%. When sublease space is added in, class A vacancy in the CBD swells to 12.6%, up from 11.2% at the end of 2001.

As C&W tracks it, the Portland CBD, including Downtown Portland, close-in Northwest Portland and the Lloyd District in close-in Northeast Portland, contains 9.45 million sf of class A space, which means a little more than 1.19 million sf is currently available.

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