PORTLAND—“The commercial real east estate market in Portland is strong. We have not seen this much leasing activity in six years.” That is according to Harsch Investment Properties president Jordan D. Schnitzer. We spoke with Schnitzer in this exclusive Q&A on the local market and how in 40 years of being in the real estate business, he has never seen as many apartment starts underway as today in Portland.
GlobeSt.com: Can you give an overview of the commercial real estate market in Portland right now? (i.e. what level of development and leasing activity are you seeing, what sectors tend to be thriving?)
Jordan Schnitzer: Like most West Coast markets, there are a huge number of multifamily projects under construction and developers seeking permits in excess of 20,000 units. Portland's Central District office market has seen occupancy increase in the last six months due to a flight of high-tech companies coming from the Bay Area, as well as organic growth from start-up and second-stage companies already based in the Portland metropolitan market.
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