2018 Q2 Industrial Report
The Portland industrial market ended the second quarter 2018 with a vacancy rate of 3.7%. The vacancy rate was down over the previous quarter, with net absorption totaling positive 713,455 square feet in the second quarter.
Vacant sublease space increased in the quarter t 421,855 aquare feet. Rental rates ended second quarter at $8.16, an increase over the previous quarter. A total of nine buildigs delivered to the market in the quarter totaling 552,369 square feer, with 4,846,902 square feet still under construction at the end of the quarter.
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