Partner and broker Graham Dent recently spoke on KBND’s Morning Podcast to discuss the Central Oregon commercial real estate market.
Graham and Frank reviewed vacancy rate trends for the fourth quarter of 2024. The retail sector saw a significant impact from the former Costco building entering the market; however, excluding this outlier, retail vacancy remains stable. Office vacancy rates in Central Oregon are expected to hold steady in the next quarter, though the national vacancy rate may decline in 2025. Meanwhile, Redmond’s industrial market continues to strengthen, with growing interest from businesses seeking leasing opportunities in the area.
Listen to the full podcast here.