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The Bend Commercial Real Estate market showed slow growth at the end of 2012, but there was growth.

 

Compass Commercial Real Estate's market survey results indicate this is the second straight year for recovery.

 

Compass Commercial partner Howard Friedman says this is very good news on many fronts.  "This is very good news. The less vacancy means there is more people occupying spaces, which will lead to more demand.  Less supply and hopefully rising rates, for the landlords that have worked so hard to get these buildings leased. And especially in the industrial and retail markets, we're seeing very positive signs of growth."

 

Friedman says industrial vacancy rates in Bend dropped by about 7% between 2011 and 2012.

 

He says they are seeing a lot more growth in downtown Bend; especially with new restaurants coming in.

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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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