Portland leaders under pressure to re-imagine downtown as property values plummet
katu.com
Plummeting property values in downtown Portland are costing the city millions of dollars in tax revenue that would otherwise go to vital city services.

"The bottom line shocks the conscience. Records KATU obtained from Multnomah County show Portland’s 20 largest office spaces had a combined market value of $3 billion in 2019. The value dropped to $1.3 billion in 2024.

“I honestly did not expect us to lose that much value in the downtown core and the commercial sector,” Portland City Councilor Mitch Green."