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JLL has secured a $40.5 million refinancing for The Payton, a 162-unit multifamily property in Portland, Oregon. JLL represented the borrower, ColRich, in arranging the five-year, floating-rate loan through Prime Finance. The Payton, located at 2020 NE Multnomah St., is a seven-story mid-rise community built in…
PORTLAND, ORE. — JLL has arranged a $40.5 million refinancing loan for The Payton, a 162-unit Class A property in Portland’s Lloyd District area. San Diego-based ColRich is the borrower/owner.… The post ColRich Secures $40.5M Refinancing for Luxury Pacific Northwest Property appeared first on Multifamily &…
Gantry has secured a $13.65 million permanent loan to refinance maturing debt for Parkway Village at Sherwood, located at 21174-21430 SW Langer Farm Parkway in Sherwood, a Portland suburb approximately 15 miles from the city center. The 45,653-square-foot center is anchored by Walmart and features tenants such as…
A New York lender is more than ready for a Portland hospitality resurgence. Ready Capital, which assumed full ownership of the The Ritz-Carlton Portland mixed-use project following a foreclosure in July 2025, just secured $141 million of commercial property accessed clean energy (C-PACE) debt for the…
JLL has arranged $42 million in financing for Portola Bridge Creek, a 270-unit, garden-style apartment community in Vancouver, Washington. JLL worked on behalf of the borrower, SB Real Estate Partners (SBREP), which has owned the property since 2022, to secure the five-year, fixed-rate loan through Fannie Mae. The…
Perry Ellis International, which has held the license for Nike Swim since 2003, has relocated its swimwear operations in Portland, Oregon, from its former space in Kerns to the Goose Hollow neighborhood. Perry Ellis signed a long-term lease for 25,289 square feet of office and studio space at Lincoln Place in…
PORTLAND, ORE. — Marcus & Millichap has brokered the sale of a six-property, 537,962-square-foot self-storage portfolio in Oregon. The properties are located in Ashland, Bend, Prineville, Redmond, Hood River and Hillsboro. Adam Schlosser, Keith Phillips and Dean Trammell of Marcus & Millichap, represented the…
Sentinel Real Estate has acquired Willow Apartments, an upscale mid-rise multifamily community located in Lake Oswego, Oregon, just southeast of downtown Portland. Completed in 2024, the property is a 158-unit, five-story building that offers a mix of one-, two-, and three-bedroom residences. “Willow Apartments…
Newmark has arranged the $31 million sale of 26440 SW Parkway Avenue, a 205,100-square-foot industrial and manufacturing facility in Wilsonville, Oregon. Managing Director Mark Hush and Associate Director Jack Ward represented the buyer, DCI International. The sale ranks among the larger industrial transactions…
PORTLAND, ORE. — Prologis is underway on construction of a 271,828-square-foot industrial facility at 3509 N.E. Columbia Blvd. in Portland. Daimler Truck North America (DTNA) will occupy the building, which will be known as Prologis Broadmoor, to support its aftermarket parts distribution operations. The Class A…
Pacific IOS Ventures, a West Coast-focused industrial real estate investment company, has acquired 10001 N. Rivergate Boulevard, a 15-acre industrial property located within Portland’s Rivergate Industrial District. Strategically positioned within one of the Pacific Northwest’s premier industrial and logistics…
PORTLAND, ORE. — MG Properties has purchased Tupelo Alley, a 188-unit mixed-use apartment community in Portland. Terms of the transaction were not released. Ira Virden, Carrie Kahn and Owen Wise of JLL represented the undisclosed seller in the deal. The property offers studio, one- and two-bedroom units. Charles…
Portland multifamily supply is falling roughly 60% year-over-year with inventory additions near 3.0%, quietly improving vacancy and rent metrics as demand tailwinds settle in.
It’s been around a decade since plans were put in motion for Grand Park Village: a multi-block, mixed-use community proposed for 2 and 10 Audley Street and 29, 31, 39, 59, and 71 Portland Street. The series of addresses are a five-minute walk from Mimico GO, which has drawn plenty of development focus in recent…
PKI Solutions has relocated its corporate headquarters to downtown Portland, occupying a larger space at 1000 SW Broadway. The company cited gaining new customers and users, as well as expanding its team, as factors in moving to the new space. PKI Solutions provides software consulting, training, professional…
Historical Supply Growth in Portland-Vancouver-Hillsboro, OR-WA CBSA: 2018: 6.3% 2019: 11.6% 2020: 6% 2021: 2.4% 2022: 1.4% 2023: 0% 2024: 1.4% 2025: 1% 2026: .04% The Portland metropolitan area saw substantial overbuilding during the 2017 to 2020 cycle, with large volumes of new supply delivered in 2019. Even so,…
Gantry has secured a $16.5 million permanent loan to support the purchase of Meadowlark Industrial Center, located at 404 N. Holladay Street in Cornelius, Oregon, a key industrial submarket in Portland’s fast-growing Silicon Forest technology corridor. Recently completed in 2024, the modern property is 100%…
Fundamentals Hold Amid Headwinds Portland’s average advertised asking rent was unchanged on a trailing three-month basis as of April, at $1,736. This marked an improvement over the first quarter of 2026, when rates contracted. Meanwhile, the U.S. figure increased 0.2%, to $1,758. The market’s occupancy rate in…
Portland's industrial market in Q1 2026 experienced direct vacancy rising to 6.5% (a 15-year high), up 160 basis points year-over-year, with asking rents averaging $0.87 PSF NNN under pressure from increased concessions and sublease activity, while net absorption remained negative at -872,345 SF and leasing volume improved 31% year-over-year to 2.5 million square feet. The regional unemployment rate for Portland-Vancouver-Hillsboro MSA reached 4.9% as of December 2025 (up from 4.1% year-prior), manufacturing employment declined 4.3% year-over-year to 114.7k jobs, and meaningful market recovery is not expected until at least 2027 due to continued supply deliveries and uneven absorption across submarkets.
This is a data-figures report published by CBRE on March 31, 2026, presenting industrial sector figures for Portland, Oregon in the first quarter of 2026.
The Portland multifamily market in Q2 2026 maintained a 7.1% vacancy rate with average asking rents of $1,656 per month, remaining essentially flat year-over-year despite positive net absorption of 2,604 units year-to-date. Construction activity declined significantly, with units under construction falling 35.9% to 4,215 units and year-to-date deliveries down 24.8% to 1,813 units, while average sale prices per unit decreased 12.9% to $182,489 and cap rates increased to 6.4%.
The Portland office market in Q2 2026 showed stabilizing vacancy at 15.3% with positive year-to-date net absorption of 173,519 SF, though quarterly net absorption remained negative at -29,025 SF, while average asking rents declined 2.4% year-over-year to $29.16 PSF. The regional unemployment rate stood at 4.7% as of May 2026, and the market is expected to remain tenant-favorable in the near term with limited new construction in the pipeline.
This is a retail market data and figures report for Portland, Oregon published by CBRE in the first quarter of 2026. The report covers retail sector metrics for the Portland market as of March 2026.
Portland's retail market in Q2 2026 maintained a vacancy rate of 4.7% while average asking rents reached $2.02 per square foot per year, up 2.66% year-over-year, with the market recording positive net absorption of 45,624 square feet despite limited construction deliveries of only 10,004 square feet year-to-date. Investment activity strengthened significantly as average retail sale prices surged 92.12% year-over-year to $335 per square foot, while the development pipeline remained relatively steady at 514,643 square feet under construction and average cap rates declined to 6.6%.
Portland's office market in Q4 2025 experienced elevated vacancy at 24.3% and negative net absorption of 1.6 million square feet year-to-date, driven by tenant downsizing and limited backfill, while asking rents held steady at $33.57 per square foot as landlords used increased concessions and tenant improvement allowances to compete amid declining employment and reduced hiring. Class A properties with modern amenities and sustainability features commanded stronger pricing, while older commodity office space faced greater competitive pressure, with leasing activity concentrated in newer buildings and suburban submarkets rather than the CBD and central core.
Portland's industrial market experienced rising vacancy and softening employment in Q3 2025, with the vacancy rate climbing to 6.2% as new deliveries outpaced demand, while nonfarm employment fell 0.6% and the unemployment rate rose to 4.8%. Average asking rents remained flat at $0.93 per square foot on a monthly triple-net basis, with landlords maintaining pricing through concessions and lease flexibility rather than rate reductions, though nearly 1.6 million square feet remained under construction across the market.
Portland's office market experienced weakening fundamentals in the second quarter of 2025, with unemployment rising to 4.5%, office vacancy reaching a record high of 24.3%, and net absorption declining by 311,820 square feet despite modest job gains in education, health services, and information sectors. Average asking rents dipped slightly to $31.30/SF while leasing activity remained subdued, with tenants increasingly favoring affordable suburban submarkets over the downtown core, and no new office construction projects underway amid challenging market conditions.