Bend Oregon Commercial Real Estate
Bend is located in Central Oregon, East of the
Cascades.In the 2005 Census, Bend was
voted the sixth fastest growing metro area in the United States.Bend covers 32 square miles and is also
surrounded by sub-areas.You can find
out more about Bend by going to the City of Bend’s Website.
Bend, Oregon is a unique area to not only Oregon, but also
to the United States.In Bend the Commercial Real
Estate Market is just as unique.At
DuBois Wicklund Group, we specialize in Commercial Real Estate. Bend and Central Oregon is our specialty with
most our Brokers being long-term residents.During this economic change that the United States is experiencing, all
eyes have been on the commercial and residential Real Estate markets.In Bend, the residential real estate market
and the commercial real estate market are two very separate markets.Bend’s residential market is not our area of
specialization; therefore we will emphasize Bend’s commercial Real Estate
market and the effects we have seen from the changes in the economy.
This morning we took some time to research the statistics
that Bend commercial real estate has to offer.Bend has
two major multiple listing services that commercial real estate brokers
utilize.Below is a table of the
statistics pulled from Bend’s Multiple Listing Services.All the statistics shown are pulled for
commercial real estate, including investments, leasing, and sales.Excluding Bend Land
sales & leases.
(As of November 2008)
Central Oregon Association of
RealtorsLoopnet
– Commercial R.E.
Actively for sale:88
range from 139
range from
$175,000
– $5,420,000$63,583
- $16,313,5000
Actively Pending5
Info.
Not Available.
Sold Since 6/7/0810
range fromInfo.
Not Available
$237,900
– $3,900,000
Leases47303
What does this mean for Bend?For a populated city like Bend with more that
75,000 people, our statistics are very good.This current market has allowed Bend to offer great deals on commercial
buildings and is a great place to invest especially when the stock market is
volatile!Our Commercial real estate
price ranges have not plummeted like some may have expected.The prices here in Bend are holding true to today’s market.You can get great deals in Commercial real
estate in Bend
right now.A commercial real estate
owner in Bend
isn’t in too bad of shape either.In previous
years, Bend’s commercial and residential real estate escalated similar to the
rest of the market.I do not remember
the exact specifics, but I know that Bend
had a very large increase.At one point
they had the highest increase in the United States.Because Bend
had that increase, the decrease is not terrible.Our percentage increase was so drastic that
the decrease we are now experiencing in commercial real estate is still
offering equity to commercial real estate owners.
The leasing market in Bend is more challenging.Some Retail stores are downsizing.This effects the commercial leasing market in
Bend.Loopnet has 303 lease listings available;
this is office, retail, industrial, and others.As you drive around Bend
in this economy you will see more For Lease signs, some empty buildings, and
sadly enough some closing stores.As
commercial real estate brokers in Bend, we are
challenged to step outside our box in leasing to fill the spaces with uses that
will not only benefit the land owners, but the city of Bend as well.Bend is our home town; we do not want to
see empty buildings in Bend,
or stores closing down.Bend is at a place of fighting to keep our
economy healthy to sustain the businesses here.As for the lease rates for Tenants… those are great!Tenants are in a position right now to get good
deals on a space that will fulfill their needs and then some.
That is Bend Commercial Real Estate in a nutshell.Bend
is still a great place to enjoy the perks of commercial real estate, with deals
for buyers, sellers, tenants, and owners.For more information regarding Bend Commercial Real Estate Please
contact us!
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