Downtown Portland Commercial Real Estate

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Umpqua Bank Plaza - 2 Spaces Portland, OR break area with sink
Sep 14
1,080 - 1,430
sqft
Office
US Bancorp Tower - 8 Spaces Portland, OR contagious space
Aug 08
490 - 3,930
sqft
Retail Other Restaurant
1211 SW 5th Ave - 6 Spaces Portland, OR This listing is a nnn lease.
Jul 27
980 - 15,550
sqft
Office
1211 SW 5th Ave - 2 Spaces Portland, OR This listing is a nnn lease.
Jul 27
3,890 - 15,520
sqft
Office
210 SW Morrison St - Floor Penthouse Portland, OR  
Jul 24
400
sqft
Office

Downtown Portland

Market Report

Number of Listings
Posted in the last 90 days
122
Median Rate ($/sqft/yr)
$41
Median Size (sqft)
3,890

Downtown Portland Rates

Most listings are in the $40's per square foot per year. The Downtown Portland region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $2 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Greater Portland market, the Downtown Portland submarket has greater rates, and you'll need to pay a premium to be in this hot region.

Downtown Portland Listing Supply

In the last 90 days, 861 listings have come on the market, so you'll want to check back regularly for new listings. About 12% of the available leases in the Downtown Portland are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,890 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this market are around 11 floors. Most buildings in this area were built in 1930 and are Class A.

Downtown Portland Community

This market is fairly equally mixed residential and commercial. Arts, entertainment, and restaurants are the dominant industries in this market. Most of the folk of Downtown Portland work from home. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Downtown Portland.
Research