Portland Industrial & Flex Market: Occupier's Perspective
- COVID has boosted certain industrial sectors, such as ecommerce, pharma, sanitation, and construction/facilities.
- Landlords are generally anxious to make deals, but not willing to give up on rent and concessions. These will remain limited until there is a more sustained or significant rise in vacancy or decrease in demand.
- Low interest rates and PPE funds are spurring more companies to consider purchasing industrial facilities instead of leasing.