Comprehensive Analysis of the Multi-Tenant Retail Strip Center Market in 2025
Portland's retail strip center market is showing signs of cautious recovery in early 2025, with stabilizing vacancy rates and renewed investor interest.
Analysis of high-level CRE market trends, including interest rates, lending environment, and cap rates.
Detailed analysis of tenant movements, major expansions and closures, and market dynamics.
Overview of local and regional regulations affecting the retail real estate market.
Comprehensive data and benchmarks comparing Portland to national averages.
Forecast and recommendations for the Portland retail market in 2025 and beyond.
Listen to our comprehensive analysis of the Portland retail market in 2025.
Portland's retail strip center market has demonstrated resilience compared to the broader retail sector. Strip center vacancy rates improved to 4.4% in Q1 2025, down from 4.5% in Q4 2024.
This performance contrasts sharply with the overall Portland retail market, which maintains a concerning 32% vacancy rate as of Q4 2024.
Investment sales activity in Portland's retail center market showed improvement in Q3 2024, with $87.2 million in quarterly sales volume recorded by quarter's end.
Average cap rates compressed to 6.7% in Q3 2024, down from a peak of 7.1% in Q1 2024, indicating renewed investor confidence.