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In pandemic, Portland industrial property market remains sturdy

By Jonathan Bach, Portland Business Journal

Industrial buildings stand sturdier than most in the pandemic economy.

The Portland area's net industrial absorption, or how much space tenants began to use versus how much they left, increased to more than 970,000 square feet in the second quarter, according to Jones Lang LaSalle. More than 4.2 million square feet of industrial buildings remained in the construction pipeline.

Far from the shine of high-rise offices, the industrial corner of real estate can take the form of manufacturing plants, distribution hubs, data centers and other behind-the-scenes operations.

To read more, visit the Portland Business Journal


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