Bend Commercial Real Estate Impacted by Lack of Inventory
Historically, our local commercial real estate market trends above the national averages. Our Central Oregon area commands very aggressive CAP rates due to supply and demand; when you put a magnifying glass to our market, we have very little Industrial property For Sale/For Lease and it would appear that the Urban Growth Boundary expansion recently passed will not solve this immediate problem. Our local market in most cases this year has positive absorption rates for office and retail as well.
What’s Up on the National Front?
Our local commercial real estate market trends about a year behind what we experience in the residential market. This is consistently true and while residential…