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.
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