Insights
Oregon
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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
The average Vacancy Rate was 6.3% in the Portland metro
- Vacancy in the Portland metro drifted downward by 10 basis points.
- Vacancy is expected to finish 2024 at 6.4% in the Portland metro.
Distribution / Warehousing
The average Vacancy Rate was 4.6% in the Portland metro
- Vacancy in the Portland metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2024 at 4.5% in the Portland metro.
Flex / R&D
The average Vacancy Rate was 4.2% in the Portland metro
- The Portland metro had the sixth lowest vacancy in the nation and the third lowest in the West.
- No vacancy change since Q3 2021 in the Portland metro.
- The Portland metro had the lowest vacancy level since Q3 2009.
Office
The average Vacancy Rate was 16.3% in the Portland metro
- The Portland metro had the fourth lowest vacancy in the nation and the sixth lowest in the West.
- Vacancy in the Portland metro drifted downward by 20 basis points.
- Vacancy is expected to finish 2024 at 16.7% in the Portland metro.
Retail
The average Vacancy Rate was 5.9% in the Portland metro
- The Portland metro had the sixth lowest vacancy in the nation and the fifth lowest in the West.
- Vacancy in the Portland metro drifted upward by 10 basis points.
- Vacancy is expected to finish 2024 at 6.6% in the Portland metro.
RENT
Apartment
The average Asking Rent was $1,595 in the Portland metro
- Rent in the Portland metro was down 0.5% from year-end 2023.
- Rent is expected to finish 2024 at $1,615 in the Portland metro.
Distribution / Warehousing
The average Asking Rent was $8.25 in the Portland metro
- Rent in the Portland metro was up 0.5% from year-end 2023.
- Rent has risen in every quarter since Q3 2020 in the Portland metro.
- Rent is expected to finish 2024 at $8.48 in the Portland metro.
Flex / R&D
The average Asking Rent was $10.65 in the Portland metro
- The Portland metro had the second fastest rent growth in the nation, behind only Seattle.
- Portland metro had its fastest rent rate of increase since Q2 2011.
- Rent is expected to finish 2022 at $11.07 in the Portland metro.
Office
The average Asking Rent was $27.34 in the Portland metro
- Rent in the Portland metro was up 0.9% from year-end 2023.
- Portland metro had its fastest rent rate of increase since Q3 2018.
- Rent is expected to finish 2024 at $27.46 in the Portland metro.
Retail
The average Asking Rent was $22.71 in the Portland metro
- Rent in the Portland metro was up 0.4% from year-end 2023.
- Rent is expected to finish 2024 at $22.87 in the Portland metro.
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.