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Industrial AdvisorsAuthor: podcast@industrialadvisors.com (Industrial Advisors)
Supply chain nerds, warehouse gurus, distribution dudes, transportation titans, site selection geeks No one knows the industrial real estate market better than Colliers International's Matt McGregor and Bill Condon. Tune into their Industrial Advisors' show to find out what you don't know about the market behind the market. Language: en Genres: Business Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Portland Industrial Market Update: Vacancy, Vancouver Growth & The 2027 Outlook
Episode 19
Friday, 25 September, 2026
Portland Industrial Market Update: Vacancy, Submarkets, Capital Interest, and the I-5 Corridor On the Industrial Advisors podcast, hosts Bill Condon and Kyle Bach interview Colliers Portland industrial broker Tom Knecht about the Portland metro industrial market. Knecht says the market is regaining conviction with increased leasing activity, but vacancy is about 8% versus 3.5% five years ago, and tenants currently have leverage, requiring landlords to be creative with concessions and rates. He notes a wide spread between Class B/C Northeast Portland and Class A Southwest Washington, with Southwest Washington, Washington County (Hillsboro), and Clark County (Vancouver) leading rent growth while other submarkets plateau. Capital markets remain thin, with some investors still hesitant due to Portland's COVID-era reputation and business-tax environment, though less competition can mean better basis. Discussion also covers expanding I-5 corridor development into Ridgefield, Woodland, and Kelso (including a 1.2M SF Amazon lease), limited new construction starts, and cautious optimism through 2027. 00:00 Portland Perception Check 00:36 Podcast Intro and Guest 01:19 Tom Knecht Background 01:56 Market Today vs Past 03:13 Leasing Momentum and Sizes 04:38 Capital Markets and Investors 05:57 Submarkets Driving Rents 07:34 Business Climate and Taxes 09:38 Choosing Portland vs Vancouver 11:00 I-5 Corridor Development 14:03 Outlook Through 2027 16:14 Optimism and Wrap Up
