Portland Retail Figures Q1 2026

— The Portland retail market closed Q1 2026 with an availability rate of 4.9%. This represented a .1% increase from Q4 2025.

— The total retail sq. ft. absorbed in Q1 2026 was negative 42,000 sq. ft., compared to negative 103,000 sq. ft. in Q4 2025.

— There was 18,000 sq. ft. delivered in Q1 2026, compared to 37,000 sq. ft. in Q4 2025.

— The overall average net asking rent for retail in Portland ended Q1 2026 at $24.47, which was up $0.19 from Q4 2025.Local professionals report seeing higher average net asking rents outside of the CBD and other downtown submarkets, with rates ranging between $35 - $45 per sq. ft. in suburban retail submarkets,

— Significant lease transactions recorded in Q1 2026 include: Crunch Fitness leasing 32,125 sq. ft. at 7809 NE Vancouver Plaza Dr., and Ross Dress for Less’s 31,472 sq. ft. lease at 10802-10900 SE Oak St. in Milwaukie.

— The total retail investment sales in Q1 2026 amounted to $52.4 million in total volume, compared to $130.8 million in Q4 2025.