The diversity of Central Oregon communities is reflected in the business parks, buildings and land offered. With the region's population continously growing and despite strong absorption rates, the construction industry has been keeping pace with the region’s expansion. For example, the tables below provide a current snapshot of the Bend office and industrial real estate markets.
Bend Office Market, Net Absorption By Submarket
4th Quarter 2005
|
Market Area |
No. Of Bldgs. |
Total SF |
TTL Avail SF |
VAC % 2nd QTR |
4th QTR Absorption |
Absorption YTD |
TOTAL
2004 |
|
Downtown |
38 |
372,732 |
39,779 |
10.7% |
7,805 |
10,947 |
1,867 |
|
HWY 97/3rd St. |
43 |
417,262 |
26,926 |
6.5% |
(750) |
21,069 |
1,384 |
|
Westside |
70 |
921,667 |
109,311 |
11.9% |
22,783 |
67,604 |
97,051 |
|
Bend Total |
151 |
1,711,661 |
176,016 |
10.3% |
29,838 |
99,620 |
100,302 | | Office Buildings over 3,000 sf
Bend Industrial Market, Net Absorption By Submarket
4th Quarter 2005
|
Market Area |
No. Of Bldgs. |
Total SF |
TTL Avail SF |
VAC % 2nd QTR |
2nd QTR Absorption |
Absorption YTD |
TOTAL
2004 |
| Southeast |
100 |
1,224,374 |
58,024 |
4.7% |
664 |
26,533 |
90,513 |
| Northeast |
87 |
1,305,745 |
31,614 |
2.4% |
16,251 |
268,324 |
132,525 |
| Central |
24 |
254,567 |
1,200 |
0.5% |
5,010 |
2,120 |
13,799 |
| Westside |
11 |
357,431 |
5,030 |
1.4% |
0 |
909 |
10,061 |
| Bend Total |
222 |
3,142,117 |
95,868 |
3.1% |
21,925 |
297,886 |
246,898 | | Office Buildings over 3,000 sf
Absorption rates provided by Compass Commercial Real Estate Services
Additional Business and Industrial Real Estate Resources
For additional properties that are not listed on our site, visit the commercial real estate listing service, Loopnet, or the Central Oregon Association of Realtors. |
