Portland Industrial Market Overview_Q1 2021

MARKET DRIVERS

Portland, Oregon continues to be recognized as having one of the fastest growing metropolitan areas in the U.S. Over the past decade, the area has registered extraordinary growth in population, jobs, and infrastructure spanning across the different commercial real estate product types. The industrial market has been on a tear with record low vacancy & surging rents. Some of the drivers that have been propelling the industrial market forward include the following:

INBOUND MIGRATION

URBAN GROWTH BOUNDARY

TECH CLUSTER

ATHLETIC/ APPAREL CLUSTER

FOOD & BEVERAGE CLUSTER

8 PORTLAND INDUSTRIAL MARKET OVERVIEW / Q1 2021