Day: August 11, 2013

Do nearby food trucks increase demand for office space?

An article from Portland earlier this week caught my eye.

As firms pile into downtown — it’s the most crowded commercial real estate area in the city (PDF) — researcher Patricia Raicht of Jones Lang LaSalle
has stumbled on a surprising trend. Downtown office buildings, she
says, consistently fill up faster when they’re close to food carts.

In the first six months of 2013, Raicht said, 92 percent of net
demand for high-quality downtown Portland office space occurred within
two blocks of a food cart pod. Click to read more!