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Portland’s Industrial Market Faces Rising Vacancies and Declining Lease Rates in Q4 2024

The Registry PNW

Posted In — News & Press | In the News

Portland’s industrial market faced notable changes in the fourth quarter of 2024, as vacancy rates continued to climb and lease rates declined. According to the latest Portland industrial market report from Kidder Mathews, direct vacancies reached a decade-high of 4.9 percent, while net absorption remained negative. The shifting market conditions have prompted a recalibration, with businesses adjusting to the evolving economic landscape.

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