.ashx?bid=4a2e5ebb5bdb40cab633b8e28e053c66)
Subtitle here
The commercial real estate market in Portland, Oregon, and the United States experienced significant challenges 2022 and faces a rocky outlook for 2023, reflecting the broader trends in the U.S economy.
While uncertainty and inflationary pressures marked the year, positive employment trends and growth in the Portland-Vancouver-Hillsboro MSA provided a bright spot. The year saw varied market fundamentals across asset classes and a steep drop-in sales activity to close the year.
Looking ahead to 2023, the U.S economy continues to face challenges and uncertainties, with stickier than expected inflation likely to persist. In contrast, positive employment trends and population growth in the Portland MSA suggest a favorable support for aspects of the region’s commercial real estate market, although not all areas within the metro area are following this trend. Economic indicators in the new year will provide key insights into the direction of the commercial real estate market in the near term.
While uncertainty and inflationary pressures marked the year, positive employment trends and growth in the Portland-Vancouver-Hillsboro MSA provided a bright spot. The year saw varied market fundamentals across asset classes and a steep drop-in sales activity to close the year.
Looking ahead to 2023, the U.S economy continues to face challenges and uncertainties, with stickier than expected inflation likely to persist. In contrast, positive employment trends and population growth in the Portland MSA suggest a favorable support for aspects of the region’s commercial real estate market, although not all areas within the metro area are following this trend. Economic indicators in the new year will provide key insights into the direction of the commercial real estate market in the near term.
