The invisible hand of the free market isn’t done boxing Portland.
The city’s office market, in particular, had a bruising year that foretells a contentious 2026.
A look back at 2025 shows a year of big building sales across the skyline that city officials and real estate leaders say will eventually nudge Portland back on track as office property values “reset” and new owners invest millions into buildings to bring employees back into the urban core. But in the meantime, the plummeting values of commercial properties will mean millions less for city services…