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Portland’s Industrial Real Estate Market Faces Historic Slowdown as Vacancies Climb
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Portland’s Industrial Real Estate Market Faces Historic Slowdown as Vacancies Climb
Leasing activity plummets while asking rents hit record highs in a market grappling with economic uncertainty and major manufacturing job losses Portland’s industrial real estate market is heading toward a year of unprecedented challenges, with leasing activity on track to reach historic lows even as asking lease rates soar to new heights, according to a third-quarter market update from Kidder Mathews. The mixed signals reflect a market caught b…
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