Clackamas/Milwaukie
Portland - OR USA - Industrial Submarket
Industrial real estate intelligence for the Clackamas/Milwaukie submarket. 26.5M SF of inventory with 5.9% vacancy. Data sourced from various MLS platforms.
26.5MSF
Inventory
2.2MSF
Available
5.9%
Vacancy
8.2%
Availability Rate
$11.33
Asking Rent
2.3%
Rent Growth
1KSF
12mo Absorption
586KSF
Under Construction
Market Metrics
12mo Delivered
0 SF
Under Constr % of Inv
2.2%%
Sale Price/SF
$173
Cap Rate
6.7%%
12mo Sales Volume
$84,199,500
Sales Vol Growth
-39.4%
Asset Value
$4,693,953,171
Net Absorption
+1K SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| Flexential Portland Hillsboro 1 - Bldg D | $13.3M | 44,795 | Flexential |
| Flexential Portland Hillsboro 1 - Bldg C | $9.9M | 40,205 | Flexential |
| Flexential Portland Hillsboro 1 - Bldg B | $8.8M | 56,924 | Flexential |
| Flexential Portland Hillsboro 1 - Bldg A | $6.4M | 27,686 | Flexential |
| Oracle Data Center & Testing Facility | $31.8M | 90,792 | Landmark Dividend |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Building A | 2,861 | $11.50 - 14.05 (Est.) | Schnitzer Properties Management, LLC |
| Building B | 7,018 | $9.26 - 11.31 (Est.) | Schnitzer Properties Management, LLC |
Data Centre Development Potential
Moderate vacancy (5.9%) in Clackamas/Milwaukie suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 586K SF indicates developer confidence in the submarket. Positive net absorption of 1K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Portland - OR USA
Evaluating Clackamas/Milwaukie for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.