April 9, 2015 FOR IMMEDIATE RELEASE
Downtown Bend Business Association – Contact: Chuck Arnold, (541) 788-3628
DOWNTOWN BEND OCCUPANCY REPORT
Occupancy Drops One Point as Five New Businesses Open
The Downtown Bend Business Association announces the occupancy for 1st quarter of 2015 and new businesses opening. Occupancy in the downtown district dropped one percentage point over last quarter to 96%. The occupancy rate is based upon the number of leased street level retail/restaurant spaces in the downtown district.
“Several businesses moved out this quarter, but most spaces were filled immediately with new investment. Winter has been stronger than last year and we are forecasting strong summer sales. “Says DBBA Executive Director Chuck Arnold.
New businesses starting up this quarter are located on:
744 Bond – The former Amanda’s Restaurant at Bond and Franklin has been leased to a new restaurant tenant set to open this spring.
841 Bond – Two new tenants working in jewelry have leased in 841 Bond Street also known as the Bend Trade Center. Joelle Lenay Designs and Rock and Coil both have opened shops featuring locally handmade jewelry.
111 Oregon – Vector Volcano Classic Video Arcade is set to open in the space formerly occupied by The Goldsmith. The business adjacent to the new Ranch Records will offer classic video games and pinball.
1000 Wall – A newly developed space in the 1000 Wall Street building has been leased by The Capitol. The business, set to open in a few months, will offer food, drink, and live music in a hip underground space off Oregon Avenue (underneath Patagonia).
The DBBA is a private nonprofit organization representing approximately 350 businesses and 85 property owners working to keep Downtown Bend vibrant. The organization is responsible for downtown beautification, cleaning and maintenance, marketing, events, and keeping the business environment healthy. More information is available at DowntownBend.org.