Partner and broker Pat Kesgard, CCIM sat down with KBND host Frank Bonacquistie on Monday, November 2nd to discuss the Compass Points Q3 2020 report. Despite the COVID-19 pandemic, the commercial market remains strong. Bend was recently ranked as the fastest-growing medium-sized city in the U.S. by the personal finance website Wallethub. People from urban areas, like Seattle and the Bay Area, are looking to move their businesses out of these big cities and into Central Oregon. This has caused an increase in demand for commercial properties, and therefore new construction has gone up in response. So far in 2020, 55 commercial properties have been constructed and approximately 43 properties are proposed or under construction.
