Q2 2018 Office Report is here!
The Portland Office market ended the second quarter 2018 with a vacancy rate of 6.6%. The vacancy rate was unchanged over the previous quarter, with net absorption totaling positive 1,160,537 square feet in the second quarter.
Vacant sublease space increased in the quarter, ending the quarter at 334,810 square feet. Rental rates ended the second quarter at $23.81, no change over the previous quarter. A total of five buildings delivered to the market in the quarter, with 2,503,330 square feet still under construction at the end of the quarter.