Report: Portland Industrial Market Remains Strong Despite Turbulence

Connect CRE   |   Mark Nieto

Posted In — News & Press | In the News

Industrial real estate fundamentals in Portland, OR continue to show strength despite the current economic headwinds. A new report from Kidder Mathews indicates that direct vacancy rates in the first quarter of 2023 dropped 50 basis points from Q1 of 2022, and now stands at 2.6%. Meanwhile, asking lease rates jumped 14.3% year-over-year to a region average of $0.85-per-square-foot NNN.

For the full story, go to Connect CRE.

© 2023 Connect CRE. All rights reserved.

Share This Post