Redmond Real Estate Market Continues Steady Growth | Redmond Economic Development Inc.
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Redmond Real Estate Market Continues Steady Growth

Redmond Real Estate Market Continues Steady Growth

Redmond’s commercial real estate sector continues to see steady growth and two residential development projects are currently in the planning stages.

”Last quarter Redmond’s Industrial Vacancy rate was 8.1 percent and is down to 7.9 percent this quarter,” Compass Commercial CCIM Peter May said. “Although it isn’t a drastic improvement it is change in the right direction.”

“Companies are growing and expanding to more space. Breweries are strong right now. Office buildings are filling up. There has been slow and steady growth across the board,” May said.

NAI Cascade Principal Broker for Redmond’s office, Ken Streater said, “Redmond continues to benefit from wise growth that is an extension of the Central Oregon quality of life which attracts employers who are met with open doors by city leadership to help get their business established.”