New Year Promises Modest Gains for Portland’s Industrial Pipeline
Development Remains Steady, but Activity as a Share of Inventory Trails Peer Markets By John Gillem CoStar Analytics January 4, 2023 | 8:32 AM Some metropolitan areas across the country are bracing for record completions in the form of industrial inventory during the upcoming year, but Portland, Oregon, will see a relatively light wave of industrial supply in 2023. While developers remain active across the region, new projects completed in the near…
Pacific Northwest ‘Zoom Towns’ Fall From Grace After Rapid Expansion During Pandemic
Wave of Apartment Construction Undercuts Rent Growth As Renter Demand Returns to Major Cities By John Gillem and Elliott Krivenko CoStar Analytics October 4, 2022 | 2:09 P.M. Many areas in the Pacific Northwest that saw the greatest increase in apartment rents last year were located in smaller secondary markets that saw an influx of remote workers from major coastal cities. Sometimes referred to as 'zoom towns,' these typically scenic…
Portland’s Denser Office Nodes Stymie Market Recovery
Suburbs' Performance Offset by Disproportionate Share of Sublet Availabilities in City's Core By John Gillem CoStar Analytics August 19, 2022 | 1:23 P.M. New office sublease listings in Portland, Oregon’s office sector continue to swell in the densest areas of the region. Though earlier in the year it seemed as if the tenant exodus from central Portland was slowing, it now appears that tenants are hesitant to come back or…
Portland Sees Decade-High Office Investment for 2019
By Emily Anderer CoStar Analytics January 29, 2020 | 03:05 P.M Portland's dynamic economy, accompanied by structurally low office vacancy rates below 8% for more than four years and a cumulative rent growth increase of 34% in the past decade, continues to heighten its profile as an investment market. This past year's sales activity will certainly help build that profile. In 2019, Portland, Oregon, recorded $1.65 billion in…
