He says those spaces will show up in vacancy figures when five- and 10-year leases expire in the next two years. But the real number may be much greater.ĭavid Squire, executive vice president of the real estate brokerage Newmark, estimates there’s a much larger share of office space that’s still leased but unused. to a 5,000-square-feet conference room in the same building, telling WW it is “leading by example for other businesses looking to reduce their environmental impact.”Īccording to the latest estimates, office vacancy downtown is at 26%. So can the 1,900 Standard Insurance workers who once populated two enormous buildings downtown, and 600 NW Natural employees.Įnvironmental consulting firm ClearResult recently downsized from 60,000 square feet in a waterfront office building at 101 SW Main St. Portland General Electric’s 900 downtown employees can work remotely if they choose. Yet most corporations with downtown offices are not requiring workers to return.
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