2018 Q2 Industrial Report

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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.


For more info, contact us at Commercial Northwest.