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 6.4% in the Portland metro
- Vacancy in the Portland metro drifted upward by 20 basis points.
- The Portland metro had the highest vacancy level since Q2 2021.
Distribution / Warehousing
The average Vacancy Rate was 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 16.5% in the Portland metro
Retail
The average Vacancy Rate was 5.8% in the Portland metro
- Vacancy in the Portland metro drifted downward by 10 basis points.
- The Portland metro had the lowest vacancy level since Q3 2008.
RENT
Apartment
The average Asking Rent was $1,602 in the Portland metro
Distribution / Warehousing
The average Asking Rent was $8.21 in the Portland metro
- Rent in the Portland metro was up 0.7% from Q3 2023.
- Rent has risen in every quarter since Q3 2020 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 $27.10 in the Portland metro
Retail
The average Asking Rent was $22.63 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.