Portland Industrial Market Overview_Q1 2021

DEVELOPMENT OVERVIEW

PORTLAND METRO TIMELINE FOR SPEC DC CONSTRUCTION

Q1 2020 Q2 2020 Q3 2020 Q4 20

Developer Project (Submarket)

Pre- leased (SF)

Clr Ht

Asking Rate

Jan Feb Mar Apr May Jun Jul

Aug Sep Oct Nov

Bldg Size (SF)

A

85,500 -

30’

$.58/$.95

Trammell Crow/Principal Blue Lake Corporate Park (Airport Way) Black Creek Group Sandy Blvd Industrial Park (Airport Way)

B 378,000 -

32’

$.55/$.95

110,525 -

32’ $.58/$.95

49,975

-

26’

A

$.60/$.95

Phelan/Nuveen Mason 150 Industrial (Airport Way)

51,500 -

26’

B

$.60/$.95

Prologis Prologis Broadmoor (Airport Way)

$.65- .70/$1.00- 1.10

345,485

36'

A 239,517

-

30' $.65/$1.00

Bridge Development/Modlo Bridge Point I-5 (Columbia Blvd) Prologis Northwest Logistics Ctr (Guilds Lake)

B 437,516

-

36' $.65/$1.00

187,546

32’

$.85/$1.00

22,881

1

-

28’

Individual Park 120 (Clackamas)

$.65/$1.00

23,178

2

-

28’

$.65/$1.00

Panattoni Big River Logistics (Vancouver) Panattoni/LaSalle Vancouver Logistics (Vancouver)

192,577

-

32’

$.62/$1.00

170,089

-

32’

$..65/$1.00

Specht Ridgefield Industrial Ctr (Ridgefield)

468,793

36’ $0.58/$1.00

-

±$.70/ ±$1.00 ±$.70./ ±$1.00 ±$.70./ ±$1.00

A

62,257 -

30’

Trammell Crow/Modlo T-S Corporate Park (Tualatin)

B 144,174 -

34’

C 271,870 -

36’

A 138,725 -

32’

$.65/$1.00

Phelan/Hillwood Myslony Industrial Park (Tualatin) Panattoni/LaSalle Coffee Creek Logistics (Wilsonville)

B 186,825 -

32’

$.65/$1.00

110,366 -

30’

$.65/$1.00

Totals

20 3,677,299

30 PORTLAND INDUSTRIAL MARKET OVERVIEW / Q1 2021