2021 Office Market Recap
CURT ARTHUR, SIOR
OFFICE MARKET | SVN COMMERCIAL ADVISORS LLC
Office absorption in Salem turned sharply negative during the pandemic-induced second and third quarters of 2020. Since then, sharp swings in occupancy have been prevalent, as tenants sort out space needs heading into the post-pandemic era. In Q2, 2021, the bulk of the leasing ac…
Central Area Neighborhood Development Organization
This month’s Emerging Leader Spotlight is Kelsey Oran of Hancock Commercial Real Estate.
Supply Chain Disruption Slows CRE Development
By Alex Rhoten, Principal Broker Coldwell Banker Commercial Mountain West Real Estate Delays and shortages in construction supply slow development and raise costs Missing material and inventory slow commercial development. Supply chain disruptions are hitting the economy and putting multiple sectors into direct competition for raw materials. From the auto industry to commercial real estate (CRE), it looks like this will continue until at least 2023, and perhaps even longer. Just as extended waits for new cars a…
Exit Strategies
Commercial Real Estate: Local Monthly Report
We’re excited for the opportunity to be the first to share our observations on Salem’s commercial real estate market with the Salem Business Journal. As leaders in Salem’s commercial real estate community, we believe the City of Salem is on the brink of a great opportunity to create a safe, clean, interactive, and inclusive city for its businesses a