Recap: new office, retail and industrial development or the lack thereof?
By Jay Lyons, SIOR, CCIM
March 8, 2020
Bend’s commercial real estate market is as strong as ever as evidenced by historically low vacancy rates and seemingly new commercial developments around every corner. However, new development is not distributed equally across all property types. President and broker Jay Lyons breaks down the commercial real estate market by property type and the total amount of rentable square footage. As the demand for retail, office and industrial developments increases, leasing options for tenants are changing.