Sunset Corridor/Hillsboro
Portland - OR USA - Industrial Submarket
Industrial real estate intelligence for the Sunset Corridor/Hillsboro submarket. 28.3M SF of inventory with 4.7% vacancy. Data sourced from various MLS platforms.
28.3MSF
Inventory
1.9MSF
Available
4.7%
Vacancy
6.6%
Availability Rate
$14.23
Asking Rent
1.3%
Rent Growth
438KSF
12mo Absorption
627KSF
Under Construction
Market Metrics
12mo Delivered
917K SF
Under Constr % of Inv
2.2%%
Sale Price/SF
$210
Cap Rate
7.2%%
12mo Sales Volume
$104,144,743
Sales Vol Growth
110.3%
Asset Value
$6,072,901,326
Net Absorption
+438K 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 (4.7%) in Sunset Corridor/Hillsboro suggests a balanced market with selective opportunities for data centre conversion or development. Active construction pipeline of 627K SF indicates developer confidence in the submarket. Positive net absorption of 438K SF over the past 12 months signals healthy demand fundamentals.
Other Submarkets in Portland - OR USA
Evaluating Sunset Corridor/Hillsboro for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.