Figures | Evolving Workforces

Portland Region_Industrial Leasing

February 8, 2022

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The total volume of industrial leases signed in 2021 slightly declined by 0.7% relative to 2020. Broken out by submarkets, 2021’s industrial lease volumes jumped almost 28% in the Northwest and over 4.4% in the Southeast.  Meanwhile, the remaining four submarkets saw declines ranging from 1.9% to 14.5%. Amidst a longer-term trend of positive population growth and expanding e-commerce and international trade, the Portland industrial property market continues to offer compelling investment opportunities.