BEND, OR (August 4, 2014) — Compass Commercial Real Estate Services announces the release of its second quarter 2014 survey results in the current issue of Compass Points.
City wide, the survey reports a decrease in vacancy in Bend’s office, retail and industrial sectors.
Bend’s Q2 office vacancy rate dropped slightly to 11.48% from Q1’s report of 12.19%.
The retail market bounced back with absorption of 40,047 sq. ft. of net leased space in the second quarter up from the 33,963 sq. ft. loss in Q1. The city wide vacancy fell to 8.58% in Q2 compared to last quarter’s rate at 9.47%.
The city wide industrial market witnessed the largest drop from 10.85% to 8.53%.
In addition to providing a survey of Central Oregon’s Q2 commercial real estate market, Compass Points’ cover story offers an overview of lease structures—important information for anyone entering into a lease agreement. The issue also shines its nonprofit spotlight on the Central Oregon Builders Association “Ramp-a-thon” event that is schedule to take place in October.
Compass Points offers comprehensive commercial real estate surveys of the Central Oregon market from the partners of Compass Commercial. Real estate professionals, investors, business and community members have relied on information published in Compass Points for the past 18 years.
To view an online version or to subscribe to the quarterly publication, visit www.compasscommercial.com and click on the Compass Points icon. Printed copies are available from the Compass Commercial office by calling (541) 383-2444.