NAI Global has published its 25th annual Global Market Report, containing information on commercial property in more than 200 markets around the world, including Portland.
2010 was a tough year for the commercial real estate market, but recovery is starting to occur, and there's some room for optimism.
“Although 2010 was another very challenging year for the industry, we began to see clear signs that the global economy and commercial real estate markets had stabilized and were beginning to improve with a noticeable pickup in transaction volume around the world,” said Jeffrey M. Finn, President & CEO of NAI Global. “Companies around the globe are taking advantage of the current market, extending or renegotiating leases, securing investment properties, disposing of underperforming assets and finalizing plans for growth in the next 24 months. We expect a much more active market for buyers, sellers and occupiers as conditions continue to improve.”
The full report can be found here, and the snapshot of Portland is on page 124. It discusses Portland's office, industrial, retail and multifamily markets.
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