Finally some good news in Portland’s retail real estate market. National commercial real estate investment company, Marcus & Millichap, rated Portland No. 6 on the 2012 list of the country’s top retail real estate markets for investors. According to the firm, Portland showed strength in retail sales and growth in high-tech manufacturing jobs, which should be good news for retail tenants and landlords. The firm also predicted rent hikes in high traffic urban districts as retail vacancies decline. The increase in commercial retail tenants in the area should attract real estate investors to the Portland market, providing a welcomed boost. And with more retail tenants comes more jobs. All good things in this economy.
We regularly update clients about changes in real estate law and on industry trends. This includes briefing clients on legislative proposals in the federal tax, housing and other legal areas affecting their businesses. Staying current enables you to anticipate and prevent legal problems as well as capitalize on new developments.