Key Market Takeaways: Current Sentiment for Industrial Occupiers
Sublease space is increasing in the market, accounting for nearly 2 Million SF in Portland Metro, compared with 745,000 SF in 2022.
Rate increases have continued to hold, however second generation space is now becoming more readily available as occupiers move into new space.
Emerging markets with lower costs such as labor and real estate are becoming increasingly desirable.
A drop in home sales is causing disruptions for housing retail suppliers and companies including Bed, Bath, & Beyond and Ashley Furniture closing distribution centers.
