Skip to main content Skip to footer

2021 Q1 Portland Metro Industrial Market Report

Download Report
IndustrialHero
Portland continues to see significant attention from primary drivers of households during the pandemic: alcohol, pets, and home improvement. Absorption for the Portland market was slightly positive this quarter, standing at 63,000 sq. ft. at the end of Q1. The Central City (-11,000 sq. ft.), North/Northeast (-427,000 sq. ft.), and Clark County (-17,000 sq. ft.) markets all fell into negative territory during the first quarter, while strong positive absorption in the Southeast (379,000 sq. ft.) and Westside (140,000 sq. ft.) markets carried the Portland into positive territory overall. Investment sales remained healthy this quarter, topped by PCCP’s $82.5 million purchase of Bybee Lake Logistics Center from Washington Capital Management.

PortlandIndustrial

2021 Q1 Portland Metro Industrial Market Report

Download Report
Related Experts

Jacob Pavlik

Research Manager

Seattle

Jacob Pavlik joins the Colliers team after working in the Economic Development and Planning departments for the cities of Hillsboro, Oregon and Alexandria, Virginia, respectively.  At Colliers, he leads a team of researchers to  collect, analyze, and synthesize market data for Puget Sound and Portland. He loves the challenge of taking complex data and making it easily digestible for a wide audience. He assists brokers with research specific to their client's needs, including geovisualizatoin and micromarket analysis.

His authentic passion for commercial real estate is seen most clearly when Jacob explores his local urban ecosystem and travels to new cities around the world to see how they function and relate to each other. He likes to see the built environment adapt to the changing needs, desires, and behaviors of the people who populate it. These functions fit perfectly into Jacob's role as Research Manager, telling the story of how commercial real estate in the Pacific Northwest evolves over time.

View expert