Retail demand in the Portland metro remains active, spurred by a healthy development pipeline and a growing labor force. Rental rates average $20.37/s.f. NNN, up 6% from the prior year. Retail vacancies hiked up to 3.2% and net absorption fell into the negative territory at a loss of 155,181 s.f. Around 435,000 s.f. of retail space is under construction, with nearly 380,000 s.f. anticipated to arrive in 2020.