This would be welcome news in Clark County to many if it is the case. Bill Connerly an esteemed economist with his roots across the river in Portland wrote in his March blog about an upcoming Mini-Boom in Commercial Real Estate. He lays out a good case that gradually the economy is expanding and will eventually absorb our current vacancies, and that because of the lack of lending by banks, minimal levels of new construction are in the piepline. Eventually supply will shrink and drive net operating income, and the demand for new space will follow. He did not place a timeline on this however.
2019 Starting Off With Strong Momentum in Clark County Office Market
April 18, 2019
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We appreciate the opportunity of representing the Landlord, Vancouver Housing Authority (https://vhausa.org), in securing a 5-year lease with NAMI Mental Health Services (www.nami.org) at 2500
