Q2 2018 Retail Report is here!
The Portland retail market did not experience much change in market conditions in the second quarter 2018. The vacancy rate remained at 3.2%. Net absorption was positive 83,327 square feet, and vacant sublease space increased by 29,737 square feet. Quoted rental rates increased from first quarter 2018 levels, ending at $17.35 per square foot per year. A total of 7 retail buildings with 55,011 square feet of retail space were delivered to the market in the quarter, with 1,129,274 square feet still under construction at the end of the quarter.