Think Out Loud

Downtown real estate firm cautiously optimistic

By Sage Van Wing (OPB)
Aug. 9, 2021 5:32 p.m. Updated: Aug. 9, 2021 8:17 p.m.

Broadcast: Monday, Aug. 9

At a downtown Portland street corner, signs for the Max light rail are visible. A storefront has plywood blocking its windows.

Many businesses in the downtown area have been boarded up to protect storefronts from damage.

Kristyna Wentz-Graff / OPB

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The number of people headed to work in downtown Portland has been on the rise in the last month, according to Jim Mark, CEO of Melvin Mark Companies, a commercial real estate firm. Now that the delta variant has led to an increase in COVID-19 cases, many large firms are reconsidering a full back-to-the-office plan, but Mark remains optimistic about the health of downtown Portland’s commercial real estate market.

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