Figures

Portland Retail Figures Q2 2026

Steady availabilty and positive absorption highlight retail resilience

July 30, 2026 3 Minute Read

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— The Portland retail market closed Q2 2026 with an availability rate of 4.9%.The overall availability rate was unchanged from Q1 2026.

— The total retail sq. ft. absorbed in Q2 2026 was positive 3,000 square feet (sq. ft.), compared to negative 37,000 sq. ft. in Q1 2026.

— The largest lease of the second quarter was signed by AutoZone, taking 60,323, sq. ft. at Vancouver Plaza, establishing a hub-format store to serve expanded product distribution and delivery capabilities.

— The overall average net asking rent for Portland retail space closed Q2 2026 at $23.78 per sq. ft., a decrease of $0.65 from Q1 2026.

— The total retail investment sales in Q2 2026 amounted to $63.1 million in total volume, compared to $65.4 million in Q1 2026.