JLL releases industrial lease report
According to WEA member JLL, the Portland industrial market is seeing considerable growth.
The report shows the average lease has nearly doubled in size in the past 5 years.
The average lease in 2011 was 21,803 square feet and was up to 41,208 square feet - a 92 percent jump in 2017.
In 2017, JLL reports more large leases were signed and the Portland labor market grew 9.8 percent (since 2011).
JLL reports, "Growth in Portland's labor force has propelled strong demand from large e-commerce and distribution companies as they expand to better serve an expanding customer base."
To see the report, click here.