It’s no secret that Central Oregon’s housing market lacks inventory for people trying to move in or move up, here. However, businesses continue to struggle with a similar problem and now industrial space has become increasingly scarce. “There’s 14,988 square feet for lease in Bend. Compare that to 2012, when there was 2.1 million sf. We’re leasing it up; we’ve leased it up.” Brian Fratzke, with Fratzke Commercial Real Estate, tells KBND News there aren’t enough existing buildings for those companies with their eye on Bend and current supply chain slow-downs and shortages make it too expensive for many to consider new construction. He blames what he calls “The three I’s”… Inventory, interest rates and inflation. Fratzke says it’s pushing some to look in outlying communities, with industrial construction booming now in Prineville and Redmond.