© 2024 KLCC

136 W 8th Ave
Eugene OR 97401

Contact Us

FCC Applications
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Click on a heading to learn more or listen to the show.

Commercial Real Estate and Marijuana: High Times, High Prices

Recorded On: January 12, 2018

Air Date: January 15, 2018

Most segments of the Lane County commercial and industrial real estate market are doing well, but prices and rent are rising. One new industry - cannabis related businesses - is having a disproportional impact on the market and availability.

Although there is ongoing disagreement about whether or not cannabis related businesses are forcing other businesses out, there is evidence of financial pressure to convert space from other uses to the cannabis industry. Countering this trend, some owners are reluctant to rent to cannabis operations for legal or other reasons. The cannabis industry requires industrial space for growing and processing as well as commercial space for retail operations, testing laboratories, and other related services. Prospective cannabis growers and retailers have been known to offer more than the asking price for access to space.

One restriction that has been discussed by the City of Eugene to address a plethora of retail cannabis locations is a 1000-foot buffer between retail outlets. The Eugene City Council considered and rejected this idea, but there is movement within the city and the council to reconsider. Other municipalities in Oregon have been engaging in the same debate. Regardless of their opinion on cannabis, most people agree that legal cannabis is here to stay and measures are needed to integrate it into the framework of existing businesses and with the community in general.

Speaker Biographies:

John Brown has been a commercial real estate appraiser since 1977. In 2006, John joined Alan Evans and Jeff Elder as a full partner in the firm now known as Evans Elder Brown & Seubert commercial real estate.

Casey Houlihan is the Executive Director of the Oregon Retailers of Cannabis Association (ORCA). He also handle Pacific Northwest development for BDS Analytics, which is a market research and data analytics firm operating in the cannabis space. Casey is a political consultant and organizer who has been actively involved in developing cannabis policy in Oregon for years. He led the statewide field campaign for Measure 91 to legalize recreational use of marijuana in Oregon.

Program Coordinator:  Ralph Pledger

Copyright KLCC, 2018

Love Cross joined KLCC in 2017. She began her public radio career as a graduate student, serving as Morning Edition Host for Boise State Public Radio in the late 1990s. She earned her undergraduate degree in Rhetoric and Communication from University of California at Davis, and her Master’s Degree from Boise State University. In addition to her work in public radio, Love teaches college-level courses in Communication and Sociology.