ND - Fargo / Moorhead
OR - Portland
DEMOGRAPHICS
Fargo, ND-MN
2,810
202,280
86,119
$67,293
105,993
3.7%
Coldwell Banker Commercial
First Realty
2731 12th Ave. S.
Fargo, ND 58103
(701) 237-3369
www.cbcworldwide.com
CONTACT
OFFICE
Vacancy
Q
Absorption
P
Rental Rates
Q
MARKET HIGHLIGHTS
•;Western North Dakota’s oil
patch has boosted the Fargo/
Moorhead market, as well as
the state of North Dakota’s
economy.
•;Agriculture in the Red River
Valley has been strong and
commodity prices remain high.
•;Sanford Health unveiled plans
for a 300-bed, state-of-the-art,
new hospital that will employ
2,700.
•;Microsoft’s Fargo campus
continues to expand in the
market due to the educated
workforce.
•;Costco announced plans to
break ground in 2014, which
shall spur development along
I-29 in Fargo.
•;In the fourth quarter of 2011,
the Multi-Family sector had
a 4.3% vacancy rate spurring
investors to build more
apartments.
RETAIL
Vacancy
Q
Absorption
P
Rental Rates
N
DEMOGRAPHICS
Portland
Vancouver-Beaverton,
OR-WA
6,684
MARKET HIGHLIGHTS
•;Commercial vacancy within each
sector decreased in the 4th Qtr
2011. Industrial vacancy lowered
to 8% while Retail showed a
slight improvement to 5.4%.
Office remains in double digits at
10.4%.
2,261,246
•;In 2011, Wilsonville Old Town
Square, which is now 94%
occupied, delivered 250,000 SF
including a 145,000 SF space for
Fred Meyer.
878,239
$73,445
•;In the Office sector, Cap Rates
increased in 2011, averaging 8.2%
compared to the same period in
2010 when they averaged 7.78%.
952,611
8.1%
•;Two of the largest Office projects
underway at the end of 2011
include a fully pre-leased 135,000
SF FBI Building and a 98% pre-leased Meier & Frank Building
consisting of 133,000 SF.
CON TACT
•;Georgia-Pacific, LLC relocated
from Marine Drive Center to a
larger 275,000 SF facility at the
I-5 Logistics Center in Wilsonville.
Coldwell Banker Commercial
Mountain West Real Estate, LLC
•;Portland’s increasingly tight
Multi-Family market has
motivated developers to start
building especially targeting
areas closer to the city’s core with
high demand and mass transit
capabilities.
2545 SW Spring Street, Suite 200
Portland, OR 97219
(503) 227-2934
www.cbcre.com
OFFICE
RETAIL
Vacancy
Q
Vacancy
Q
Absorption
P
Absorption
P
Rental Rates
P
Rental Rates
Q
INDUSTRIAL
MULTI-FAMILY
INDUSTRIAL
MULTI-FAMILY
Vacancy
Q
Vacancy
Q
Vacancy
Q
Vacancy
P
Absorption
P
Absorption
P
Absorption
P
Absorption
P
Rental Rates
N
Rental Rates
P
39 Rental Rates
P
Rental Rates
P
