Part 7/12:
The economic health of downtown Portland has evaporated. Major corporations like US Bank, Bank of America, and Wells Fargo have left downtown buildings, citing safety concerns and declining occupancy. Vacancy rates have increased to over 34%, with many office spaces sitting empty and unleased, leading to plummeting property values. Landlords are offering properties at drastically reduced rates—up to 85% off—for tenants willing to take on the risk.