The Portland industrial market is experiencing a period of adjustment, with key indicators pointing to a softening in the third quarter of 2024, according to a recently released Portland industrial market report from Kidder Mathews. Average asking lease rates have declined both year-over-year and quarter-over-quarter, settling at about $0.84 per square foot, while vacancy rates are on the rise, reaching their highest point since 2014.
For the full story, go to The Registry PNW.
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