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Bend Commercial Real Estate - 3rd Quarter Trends
The Bend OR Commercial Real Estate Market Has Limited InventoryThe latest census predicts that the population of Bend will be 130,000 by 2030. With just under 95,000 people currently residing in the city limits, and just 2,380 acres recently added to the Urban Growth Boundary (UGB), new density philosophies will certainly be needed to accommodate this growth.
Bend Planners have identified a handful of “Opportunity Areas” throughout the city.  Several of these, The Old Mill Korpine property, the east Greenwood District and the Bend Central District (BCD) are currently being considered by the city to become urban renewal areas, and promise to drastically alter the face of this once sleepy logging town.
The BCD is gaining the most traction. Brooks Resources recently purchased 1.76 acres between Franklin and Emerson, the former Murray and Holt Auto dealership, with the hopes of jumpstarting the BCD’s urban renewal process. Some concepts have been considered as possible rezones such as a mixed-use residential or mixed-use office project. With building heights potentially being 65-85 feet, this opens up a lot of possibilities for developers to add density to the central part of town and improve the core district.
Bend Commercial Real Estate Data for Third Quarter 2018:
Bend Office Market:All 3 Submarkets -
Downtown 1.9% vacancy Highway 97/3rd ... more

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