Industry News
Portland Industrial Market Hits 6.5% Vacancy, Posts -872,000 SQFT Absorption in Q1 2026
Leasing activity remains steady at 2.5 million SQFT, but rising availability and continued supply deliveries keep pressure on rents and occupancy The Portland...
R+L Carriers Acquires 24-Acre Freight Terminal in North Portland for $40.5MM
The Ohio-based carrier paid approximately $396 per square foot for the 24-acre distribution facility at 6845 N. Cutter Circle, more than tripling the...
Portland Office Market Stabilizes at 15.2% Vacancy With 217,000 SQFT Absorption in Q1 2026
Leasing slows but investment activity rises more than 70% year-over-year as tenants begin to re-engage in smaller, high-quality spaces Portland’s office market entered...
Everett’s $34MM Edgewater Bridge Replacement Set to Open After 18-Month Closure
The new seismically resilient bridge on Mukilteo Boulevard will restore a critical connection between Everett and Mukilteo when it opens to vehicles on...
Kent Outdoors Signs 100,000 SQFT Lease at Prologis Park Sumner 17 in Kent Valley
Outdoor recreation and watersports equipment manufacturer establishes Puget Sound distribution presence in the Sumner industrial corridor Kent Outdoors has signed a new 100,000-square-foot...
Stryder Logistics Signs 103,000 SQFT Lease at Port Commerce Center in Tacoma
Canadian-based 3PL provider expands its Pacific Northwest warehouse network with a new facility adjacent to the Port of Tacoma Stryder Logistics has signed...
NIC Global Renews 105,000 SQFT Lease at Woodinville Business Center on the Eastside
Advanced manufacturing tenant recommits to Eastside submarket as R&D and flex product outperforms broader Puget Sound industrial market NIC Global Manufacturing Solutions has...
Private Buyer Acquires 55,040 SQFT Five Oaks Executive Building in Hillsboro for $8.5MM
The Sunset Corridor office property trades at roughly $154 per square foot, a premium to metro-wide averages, as investors target Portland’s low-vacancy suburban...
Portland General Electric Acquires 127,418 SQFT at Mohawk Business Park in Tualatin for $14.5MM
Oregon’s largest utility purchases a portion of the suburban office campus at roughly $114 per square foot as the Tualatin submarket posts a...
Altera Signs 30,000 SQFT Office Lease at The Park at Amberglen in Hillsboro
The newly independent FPGA manufacturer expands its Portland-area footprint in the Sunset Corridor, one of the metro’s tightest suburban office submarkets Altera, the...
Mobis Parts America Renews and Expands to 181,000 SQFT at Sumner Corporate Park-Cascade Building
Hyundai Motor Group’s parts distribution affiliate extends its Puget Sound footprint with a renewal and expansion in the Sumner industrial corridor Mobis Parts...
Pacific Pride Distribution Signs 123,000 SQFT Lease at Starlite Distribution Center in Lakewood
Fuel card network operator takes new space through a sublease arrangement at the Class A industrial facility on South Tacoma Way Pacific Pride...
