Portland Industrial Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Kidder Mathews, JLL, Cushman & Wakefield, Newmark, Colliers
Quarterly industrial market indicators for Portland, aggregated by CREhunt from CBRE, Kidder Mathews, JLL, Cushman & Wakefield, Newmark, Colliers. As of Q2 2026, vacancy was 7.7%, per CBRE.
Projected current industrial pricing — Portland
Projected asking rent
$10.56/SF/yr
Estimated sale value
$122–$149/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 Q2 2026 multiple brokerages data (cap rate 5.8%, asking rent held flat). Assumes ~92% occupancy and a 72–88% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | — | 7.7% | — | — | CBRE |
| Q2 2026 Kidder Mathews | $10.56/SF/yr | 8.0% | -868K SF | — | Kidder Mathews |
| Q1 2026 JLL | $10.56/SF/yr | 7.9% | — | — | JLL |
| Q1 2026 Kidder Mathews | $10.44/SF/yr | 6.5% | -872K SF | — | Kidder Mathews |
| Q1 2026 CBRE | — | 7.6% | — | — | CBRE |
| Q1 2026 Cushman & Wakefield | $11.04/SF/yr | 6.5% | 115K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | $10.80/SF/yr | 6.6% | -4 SF | 2 SF | Cushman & Wakefield |
| Q4 2025 Newmark | $10.46/SF/yr | 7.3% | — | — | Newmark |
| Q3 2025 Newmark | — | 6.6% | 25K SF | — | Newmark |
| Q3 2025 Cushman & Wakefield | $11.16/SF/yr | 6.2% | -809K SF | — | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $10.92/SF/yr | — | — | — | Cushman & Wakefield |
| Q2 2025 Newmark | — | 6.3% | — | — | Newmark |
| Q1 2025 Cushman & Wakefield | $10.80/SF/yr | 5.7% | — | — | Cushman & Wakefield |
| Q1 2025 CBRE | $8.28/SF/yr | 3.9% | — | — | CBRE |
| Q1 2025 Newmark | — | 6.0% | — | — | Newmark |
| Q1 2025 Colliers | $8.28/SF/yr | 3.9% | — | — | Colliers |
| Q4 2024 Newmark | $10.37/SF/yr | 5.4% | — | — | Newmark |
| Q3 2024 Cushman & Wakefield | $10.92/SF/yr | 5.5% | — | — | Cushman & Wakefield |
| Q3 2024 Newmark | $10.32/SF/yr | 5.2% | 125K SF | — | Newmark |
| Q2 2024 Newmark | $10.39/SF/yr | 5.0% | -460K SF | — | Newmark |
| Q1 2024 Newmark | — | 4.5% | — | — | Newmark |
| Q4 2023 Newmark | — | 3.0% | — | — | Newmark |
| Q3 2023 Newmark | — | 3.0% | 20K SF | — | Newmark |
| Q2 2023 Newmark | $10.89/SF/yr | 2.8% | 240K SF | — | Newmark |
Industrial asking rents by submarket
The newest asking rent a named brokerage's report published for each Portland industrial submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| 217 Corridor/Beaverton | $1.03/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Airport Way | $1.08/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Beaverton/Highway 217 | $0.97/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Camas/Washougal | $1.50/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| CBD/Northwest | $0.92/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| CBD/West Vancouver | $0.86/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Clackamas/Milwaukie | $0.83/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Clark County | $1.04/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Clark County Outlying | $1.94/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Columbia County | $1.25/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| East Columbia | $0.86/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| East Columbia Corridor | $0.89/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Gateway | $0.90/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Gresham | $0.94/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Guilds Lake | $0.96/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hayden Island/Swan Island | $1.03/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hazel Dell/Salmon Creek | $1.23/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hillsboro/Sunset Corridor | $1.00/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| I-5 Corridor | $0.87/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Lloyd District | $0.81/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Macadam | $0.70/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| NE Close-In | $0.92/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| NORTH/NORTHEAST | $0.84/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Northeast | $0.82/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Northeast Portland | $1.08/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| NORTHWEST | $0.98/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| NW Close-In | $1.13/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Orchards | $1.30/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Oregon City | $1.38/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Rivergate | $0.62/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| SE Close-In | $1.08/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| SE Outlying | $0.93/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Southeast | $0.92/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Southeast Portland | $0.69/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Southwest | $1.08/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| St. Johns/Central Vancouver | $0.94/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Sunset Corridor/Hillsboro | $0.98/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| SW Close-In | $1.57/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Swan Island | $0.85/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Tigard | $0.81/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Tigard/Lake Oswego | $1.07/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Tualatin/Sherwood | $0.86/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Vancouver Mall | $1.46/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| VANCOUVER/CLARK COUNTY | $0.92/SF/mo Cushman & Wakefield · Q1 2026 | Cushman & Wakefield, Q1 2026 |
| Westside | $0.77/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Westside Outlying | $0.38/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Wilsonville | $1.08/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Yamhill County | $0.73/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Portland industrial did not fully agree. On vacancy, the sources span 0.3 points — from 7.7% (CBRE) to 8.0% (Kidder Mathews). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Kidder Mathews | 8.0% | $10.56/SF/yr | — |
| CBRE | 7.7% | — | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for industrial space in Portland?
- CREhunt 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 7.7% as of Q2 2026 (CBRE).
- Where does CREhunt's Portland market data come from?
- This report aggregates quarterly industrial market data for Portland from CBRE, Kidder Mathews, JLL, Cushman & Wakefield, Newmark, Colliers.
- How much do brokerage estimates differ for industrial space in Portland?
- For Q2 2026, the brokerage sources CREhunt aggregates for Portland did not fully agree. On vacancy, the sources span 0.3 points — from 7.7% (CBRE) to 8.0% (Kidder Mathews). CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
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