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 4.9% in the Portland metro
- Vacancy in the Portland metro drifted downward by 10 basis points.
- The Portland metro had the lowest vacancy level since Q1 2019.
- Vacancy is expected to finish 2022 at 4.9% in the Portland metro.
Distribution / Warehousing
The average Vacancy Rate was 5.9% in the Portland metro
- Vacancy in the Portland metro has been in decline for seven consecutive quarters.
- The Portland metro had the lowest vacancy level since Q3 2009.
- Vacancy is expected to finish 2022 at 5.5% 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 16.9% in the Portland metro
- Vacancy in the Portland metro declined by 50 basis points.
- The Portland metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 17.2% in the Portland metro.
Retail
The average Vacancy Rate was 6.7% in the Portland metro
- Vacancy in the Portland metro drifted downward by 30 basis points.
- The Portland metro was among the 20 lowest vacancies nationally.
- Vacancy is expected to finish 2022 at 6.8% in the Portland metro.
RENT
Apartment
The average Asking Rent was $1,579 in the Portland metro
- Rent in the Portland metro was down 1.1% from Q2 2022.
- Rent is expected to finish 2022 at $1,592 in the Portland metro.
Distribution / Warehousing
The average Asking Rent was $7.60 in the Portland metro
- Rent in the Portland metro was up 2.6% from Q2 2022.
- Portland metro had its fastest rent rate of increase since Q3 2009.
- Rent Has risen for eight consecutive quarters 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 $26.60 in the Portland metro
- Rent in the Portland metro was up 0.2% from Q2 2022.
- Rent Has risen for seven consecutive quarters in the Portland metro.
- Rent is expected to finish 2022 at $26.71 in the Portland metro.
Retail
The average Asking Rent was $22.43 in the Portland metro
- The Portland metro remained flat rent since Q2 2022.
- Rent is expected to finish 2022 at $22.46 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.