Portland Industrial Market Overview_Q1 2021

VENERSBORG PORTLAND AREA INDUSTRIAL SUBMARKETS SUMMARY OF CURRENT CONDITIONS

DOLLARS CORNER

BATTLE GROUND

LEGEND a) Total Overall Vacancy Rate/Inventory b) Overall Net Absorption YTD (Square Feet) c) Under Construction (Square Feet) d) Direct Average Net Asking Rent NNN (WH/D) e) Direct Average Net Asking Rent NNN (Overall) 1st Quarter 20 21

5

MEADOW GLADE

BRUSH PRAIRIE

MOUNT VISTA

HOCKINSON

FELIDA

SALMON CREEK

BARBERTON

LAKE SHORE

ORCHARDS

WALNUT GROVE

HAZEL DELL

205

Vancouver/Clark County

WASHINGTON

MINNEHAHA

30

Rivergate

VANCOUVER a) 1.6% / 25,609,249 b) -17,607 c) 289,729

a) 4.9% / 716,905 b) -402,981 c) 0

d) $0.73 e) $ 0.90

d) $0.50 e) $ 0.51

5

CAMAS

Airport Way

99

a) 3.3% / 32,385,664 b) -23,991 c) 0

Hillsboro/Sunset Corridor

Northwest Portland

BETHANY a) 0.8% / 24,131,376 b) 37,011 c) d) 195,550 $0.96 $ 1.27 e )

d) $0. 64 e) $ 0.75

12,743,826

a) 2.1% / b) 15,522 c) 0 d) $ 0.68 e) $ 0.69

East Columbia

MAYWOOD PARK

PORTLAND

a) 6.7% / 16,319,933 b) -71,144 c) 45,220

WOOD VILLAGE

30

84

30

CEDAR MILL

d) $0.61 e) $ 0.60

205

405

CEDAR HILLS

GRESHAM

WEST SLOPE

26

26

26

RALEIGH HILLS

ALOHA

BEAVERTON

99

5

PORTLAND

MILWAUKIE

Clackamas/Milwaukie

Tigard/Lake Oswego

43

a) 3.7% / 25,118,472 b) 343,865 c) 49,100

DAMASCUS

a) 1.8% / 8,526,313 b) -57,247 c) 0

TIGARD

BULL MOUNTAIN

OATFIELD

JOHNSON CITY d) $ 0.67 e) $ 0.67

LAKE OSWEGO

d) $0.54 e) $ 0.68

KING CITY

JENNINGS LODGE

RIVERGROVE

205

Tualatin/Sherwood

STAFFORD

TUALATIN

5 a) 2.3%/ 13,816,590 b) 109,686 c) 533,513

WEST LINN

205

SHERWOOD

d) $ 0.66 e) $ 0.72

OREGON CITY

PORTLAND AREA TOTALS Overall Vacancy Rate/Inventory YTD Overall Net Absorption (SF) Under Construction (Square Feet) Direct Net Rental (monthly - WH/D) (Not all markets are shown on map)

WILSONVILLE

3.3% / 214,275,192

Wilsonville

OREGON

-65,631

1,113,112

a) 3.0% / 8,755,177 b) 17,615 c) 0

$0. 67

d) $0.80 e) $ 0.80

BEAVERCREEK

CANBY

99

BUTTEVILLE

BARLOW

18 PORTLAND INDUSTRIAL MARKET OVERVIEW / Q1 2021

AURORA