Downtown Portland Office Space

Downtown Portland

Office Space Market Report

Number of Listings (last 90 days)
26
Median Rate ($/sqft/yr)
$22
Median Size (sqft)
2,400
As of: December 3, 2016

Downtown Portland Rates

The typical asking rate per listing is in the $20's per square foot per year. The Downtown Portland region is going through a an increase in rates. In the last 3 months, the median rate went up $0 per sqft per year. That's a 2% increase in rent.

Downtown Portland Listing Supply

In the last 90 days, 26 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 4% of the available leases in the Downtown Portland are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 2,400 sqft. Most buildings in this region are close to 4 floors. Most buildings in this area were built in 1900 and are Class B.

Downtown Portland Community

This market is fairly equally mixed residential and commercial. Waste services is the dominant industry in this region. Commute by car is the most popular way to get to work amongst Downtown Portland residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown Portland.
Market Report

Market Data

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