Posts tagged quoted rental rates increased
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.

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