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Local News


Bend currently has 2.3 million square feet of business space that commercial realtors constantly monitor. One gauge of economic health of the community is the occupancy rate of these business buildings.

 

Darren Powderly with Compass Commercial Real Estate says while the residential market has seen a great "uptick"  recently, the retail market is just "bumping along."  "We are seeing slight increases. I will tell you that from my personal experiences, our phones are ringing, and we are doing more deals.  Those deals are significantly more noticeable than last year. And if you look at the facts, the numbers of deals that we're doing, we're seeing an uptick in office leasing market than last year."  Powderly says the rental rates are still very low and this is still an excellent time to get into a building if you're thinking of starting or moving your business.

 

He says the Bend office market is still pretty hard hit, and there is about a 22% vacancy in office space, but the retail market only has about 4 percent.

 

Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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