Portland Retail Market Report 1Q 2026

Mar 31, 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%.

Retail Portland Oregon United States

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Publisher: Kidder Mathews
Obtained from: Kidder Mathews
Published: Mar 31, 2026
Last updated: Jun 28, 2026 (1 month ago)

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