Portland’s downtown vacancy crisis is becoming impossible to ignore.
A new report shows office buildings in the Central Business District are about 38% vacant — among the highest rates in the country.
Now, city leaders and property owners are divided on how to fix it.
One idea under consideration: a vacancy fee that would charge property owners if andrea maggi buildings sit empty too long. Supporters say it could encourage leasing and bring life back to downtown.
But property owners argue the real issues are deeper — including dortmund vs eintracht frankfurt public safety concerns, high costs, and low demand.
Cities like San Francisco, Oakland, and Washington D.C. have tried similar approaches, with mixed results.
READ MORE:
_______________
Stay up to date with our social media:
KATU on Facebook:
KATU on Twitter:
Subscribe tomb raider to KATU on YouTube:
Daily News Playlist:
For more information, visit
Have a news tip? Send it directly to us:
Email us: [email protected]
Call the Newsroom: 503.231.4222
KATU is a OR based station and a ABC Television affiliate owned and operated by Sinclair Broadcast Group. Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country today.
#VacancyCrisis #RealEstate #Economy #BusinessNews #KATU #Katu2abc #Portland #Oregon #localnews #oregonnews
