Portland Doom Loop Deepens As Council Studies Vacancy Tax On Empty Storefronts

Portland's city council is studying a vacancy fee — a tax on commercial property owners who can't find tenants — as though the problem is stubborn landlords holding out for higher rents rather than a city that has spent years making itself inhospitable to business. The proposal would penalize property owners for the predictable outcome of Portland's own permissive drug policies, chaotic encampments, and anti-business regulatory environment.The irony is staggering. Portland watched its downtown vacancy rate soar past 30% while businesses fled open-air drug markets and disorder the council refused to address. Now the same council that created the conditions for mass business exodus wants to extract money from the property owners left holding empty buildings. This isn't a policy — it's a shakedown dressed up as urban planning.A vacancy fee won't lure a single business back to a storefront surrounded by tents and needles. It will, however, give property owners one more reason to sell, walk away, or convert commercial space to other uses — accelerating the doom loop rather than reversing it. Portland's council is studying the wrong problem with the wrong solution.CHAPTERS0:00 Opening1:11 Portland Studies a Vacancy Fee2:29 Property Owners Reject Portland…3:52 Portland Ranks Among Worst Real Estate…5:40 Councilor Kunal Proposes Vacant…6:55 Portland Should Cut Taxes Not Add Fees8:21 Portland Commercial Vacancy Rate Hits…9:26 Portland Council Clarifies Vacancy…12:17 Survey: Portland Vacancies Driven by…15:02 Portland Drug Decriminalization Hurt…16:19 Business Leader Says Vacancy Fee…17:14 Portland Street Conditions Shuttering…20:55 Portland Needs Safety Over New Taxes23:05 Businesses Fleeing Portland for Red…Subscribe to @reasonablenews for daily commentary on Pacific Northwest politics and the stories the mainstream media buries.