HFO Multifamily Marketwatch Oregon: Making Sense of the Downtown Office Space Dilemma

In this episode, HFO Senior Research Analyst Mike Pierce discusses the challenges faced by downtown office building owners and landlords due to higher vacancies. The episode explores the idea of converting these vacant spaces into residential or mixed-use properties, and the value in keeping downtown office spaces as-is and encouraging professional services and businesses to lease them while repurposing older suburban office buildings for housing. We also explore the different investment behaviors of institutional and private investors in the real estate market, as well as the impact of pandemic-related migration on Multnomah County’s income and tax revenue. HFO’s podcasts are sponsored J.R. Johnson, specialists in multifamily restoration and repair, and by Gantry Inc., the country’s largest independent mortgage banking firm focused exclusively on commercial real estate.

Duration: 09:46