Retail tenant move-outs are not trending up in a meaningful way across Portland, Oregon, which has resulted in tighter retail space conditions across the region. Retail space move-outs have averaged around 761,000 square feet per quarter in 2023 thus far. For reference, the pandemic-era quarterly peak totaled 1.1 million square feet in the third quarter of 2020.
Retail Tenants in Portland, Oregon, Are Holding Onto Their Space
Steady Non-Renewal Leasing, Lack of Construction and Minimal Move-Outs Working Together To Tighten the Market
By John Gillem
CoStar Analytics
December 11, 2023 | 8:59 P.M.
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