“U.S. Bank leases approximately 222,000 square feet inside the tower”
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“But more than half – nearly 583,000 square feet — of Big Pink’s approximately 1 million square feet was available for lease as of the second quarter”
So big pink will be 3/4 empty. Whoof.
“Two large tenants — pollster SurveyMonkey and law firm Miller Nash — declined to renew their leases at Big Pink last year, together accounting for roughly 100,000 square feet for Unico to fill in Oregon’s second tallest building.”
Not sure when those leases expire, but if they haven’t yet, that makes 905,000 / 1,000,000 square feet empty. 😳
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Feels pretty bad. I’m all for work from home and all, but financial centers enable cultural centers and Portland seems to be losing big players. I just can’t shake the feeling that we’ll have to figure out a new way of being a city
