Insights
Oregon
BACK TO INSIGHTSMarket Overview
BACK TO INSIGHTSVACANCY
Distribution / Warehousing
Average Vacancy Rate 7.9%
- Drifted upward by 10 basis points.
- Expected to finish 2019 at.
RENT
Distribution / Warehousing
Average Asking Rent $6.40
- Up 0.5% from year-end 2018.
- Expected to finish 2019 at.
VACANCY
Apartment
Average Vacancy Rate 6.3%
- Has risen for six consecutive quarters.
- Among the 20 highest vacancies nationally.
- Expected to finish 2021 at 6.1%.
Distribution / Warehousing
Average Vacancy Rate 10.6%
- Declined by 90 basis points.
- Expected to finish 2021 at 10.5%.
Flex / R&D
Average Vacancy Rate 5.5%
- Fourth lowest in the nation and the third lowest in the West.
- Increased by 50 basis points.
- Highest level since Q1 2017.
Office
Average Vacancy Rate 14.8%
- Tenth lowest in the nation and the third lowest in the West.
- Drifted upward by 10 basis points.
- Highest level since year-end 2012.
Retail
Average Vacancy Rate 7.1%
- Ninth lowest in the nation and the sixth lowest in the West.
- No change since year-end 2020.
- Highest level since Q1 2019.
RENT
Apartment
Average Asking Rent $1,360
- Down 0.3% from year-end 2020.
- Expected to finish 2021 at $1,397.
Distribution / Warehousing
Average Asking Rent $6.85
- Fourth fastest rent growth in the nation, and the second in the West region, behind only Reno.
- Fastest rate of increase since year-end 2017.
- Expected to finish 2021 at $7.04.
Flex / R&D
Average Asking Rent $10.39
- Up 0.1% from year-end 2020.
- Expected to finish 2021 at $10.46.
Office
Average Asking Rent $25.88
- Up 0.3% from year-end 2020.
- Expected to finish 2021 at $25.27.
Retail
Average Asking Rent $22.50
- Flat since year-end 2020.
- Expected to finish 2021 at $21.54.
VACANCY
Distribution / Warehousing
Average Vacancy Rate 10.1%
- Fell by 80 basis points.
- Expected to finish 2018 at.
RENT
Distribution / Warehousing
Average Asking Rent $4.47
- Up 1.4% from Q2 2018.
- Fastest rate of increase in five quarters.
- Expected to finish 2018 at.