Portland Industrial Market Overview_Q1 2021

MARKET KNOWLEDGE

PORTLAND AREA INDUSTRIAL LEASE RATES Q4 2020

BIG RIVER LOGISTICS 192,424 SF $0.60/$0.95 Available

KEY

ASKING

BYBEE LAKE LOGISTICS Bridgetown Trucking 161,495 SF/5,104 SF $0.46/$0.85 89 Months 8/2020 MARINE DRIVE DISTRIBUTION CENTER I Cascade Tissue Group 226,270 SF/4,051 SF $0.46/$0.90 38 months 7/2020

LEASE COMPS

Vancouver

Rivergate

SUBMARKET

RIVERGATE CORPORATE CENTER III 286,710 SF $0.52/$0.95

MAJESTIC BROOKWOOD BUSINESS PARK Rosendin Electric 90,000 SF / 15K Office

BRIDGE 437,516 239,517 $0.65/$ Under C

$0.59/$0.85 120 Months 01/2017

NORTHWEST LOGISTICS CENTER 187,546 SF $0.85/$1.00 Proposed

Northwest

Hillsboro

(CLOSE-IN NW) Straub Collaborative 41,717/6,250 Office $0.70/$0.90 121 Months 06/2017 THE HOPPER R&H Construction 51,796/24,900 Office $0.85/$1.50 120 Months 03/2018 Adidas 50,000/4,200 Office $0.58/$0.90 60 Months 7/2019

CIPOLE INDUSTRIAL PARK Iron Man 46,000 SF / 8,000 Office $0.63/$0.95 - months (- free) 12/2020 WILDROSE DISTRIBUTION Wine Direct 100,400 SF / 1,873 Office $0.56/$0.85 64 months 5/2019

TUALATIN DISTRIBUTION CENTER Gensco 73,221 SF / 2,950 Office $0.63/$0.95 63 months 04/2019 TUALATIN DISTRIBUTION CENTER MSI Stone 86,481 SF / 8,000 Office $0.60/$0.95 89 months 11/2018

CIPOLE INDUSTRIAL PARK 108,200 SF

Tualatin

47,225 SF 34,350 SF $0.63/$1.00 Available

20 PORTLAND INDUSTRIAL MARKET OVERVIEW / Q1 2021