• The Portland office market has continued to see movements largely based on tenant type and location. Increased interest in the suburban market has been a standout trend for tenants interested in more space and to be closer to their workforce.

 

  • Tenant caution has been a dominant trend in Portland office leasing. Flexible or short-term leases have been favorable due to the high degree of uncertainty related to the trajectory of the coronavirus and how the office will adapt moving forward.