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Portland’s Empty Offices and Wild Incentives | Portland News
Portland’s downtown is drowning in vacant office space—ten million square feet, with vacancy rates soaring to 40%. Landlords are going all-in, offering brokers up to $15 per sq ft (vs. the usual $1–$3) and even golf trips or resort stays to lure tenants. The ultra-green PAE Living Building, built in 2020, remains mostly empty despite its eco-design. Brokers admit these insane incentives aren’t working. The slump? It’s not just remote work—it’s safety fears, high taxes, and a city losing businesses and income. Experts say the real fix isn’t bribing brokers but rethinking how buildings match…
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