Portland Industrial Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE, Norris Stevens, Cushman & Wakefield, Kidder, Newmark, Colliers, Cbre
Quarterly industrial market indicators for Portland, aggregated by PropZone from CBRE, Norris Stevens, Cushman & Wakefield, Kidder, Newmark, Colliers, Cbre. As of Q1 2026, average asking rent was — with a 7.6% vacancy rate.
Projected current industrial pricing — Portland
low confidenceProjected asking rent
$8.28/SF/yr
Estimated sale value
$100–$122/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2025 multiple brokerages data (cap rate 5.8%, asking rent held flat). Assumes ~96% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | — | 7.6% | — | — | CBRE |
| Q1 2026 | — | 7.3% | 234K SF | — | Norris Stevens |
| Q1 2026 | — | 6.5% | 115K SF | — | Cushman & Wakefield |
| Q1 2026 | — | 6.5% | -872K SF | — | Kidder |
| Q4 2025 | — | — | — | — | Newmark |
| Q4 2025 | — | — | 0K SF | 0K SF | Cushman & Wakefield |
| Q3 2025 | $130.00/SF | — | — | — | Newmark |
| Q3 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | — | 4.5% | 0K SF | — | Cushman & Wakefield |
| Q2 2025 | $171.00/SF | — | — | — | Newmark |
| Q1 2025 | $8.28/SF | 3.9% | — | — | Colliers |
| Q1 2025 | $8.28/SF | 3.9% | — | — | Cbre |
| Q1 2025 | $181.07/SF | — | — | — | Newmark |
| Q1 2025 | — | — | 0K SF | — | Cushman & Wakefield |
| Q4 2024 | $10.37/SF | — | — | — | Newmark |
| Q3 2024 | $10.32/SF | — | — | — | Newmark |
| Q2 2024 | $10.39/SF | — | — | — | Newmark |
| Q4 2023 | $149.00/SF | — | — | — | Newmark |
| Q3 2023 | $169.65/SF | — | — | — | Newmark |
| Q2 2023 | $10.89/SF | — | — | — | Newmark |
| Q4 2020 | $10.92/SF | 4.0% | 682K SF | — | Cushman & Wakefield |
| Q3 2020 | — | — | 0K SF | 2K SF | Cushman & Wakefield |
| Q2 2020 | — | — | 2K SF | 0K SF | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for industrial space in Portland?
- PropZone aggregates industrial asking-rent data for Portland from major brokerage market reports; see the quarterly table for the latest available figures.
- What is the industrial vacancy rate in Portland?
- The industrial vacancy rate in Portland was 7.6% as of Q1 2026 (CBRE).
- Where does PropZone's Portland market data come from?
- This report aggregates quarterly industrial market data for Portland from CBRE, Norris Stevens, Cushman & Wakefield, Kidder, Newmark, Colliers, Cbre.
Looking for active inventory? Browse industrial listings, read how to buy industrial property, see interactive market trends, or estimate a property's rent or price.