Portland Market Status

Median Rate
$32
/sqft/yr
Since 90 days ago
$24
/sqft/yr
Median Size
2,810
sqft

Concentration of Listing Postings in Portland

Portland Rates

The typical asking rate per listing is in the $30's per square foot per year. The Portland submarket is seeing a a boost in rates. In the last 3 months, the median rate increased $32 per sqft per year.

Compared to the rest of the Greater Portland market, the Portland region has lower rates, so you should have no trouble finding a great deal in this discounted submarket.

Portland Listing Supply

In the last 90 days, 261 listings have come on the market, so you'll want to check back regularly for new listings. About 94% of the office spaces in the Portland are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

Even though the median size is 3,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are approximately 3 stories. Most buildings in this region were built in 1955 and are Class B.

Portland Community

Subleases

63%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Portland $27 458,800 sqft
2. Northwest District $24 308,410 sqft
3. Buckman $24 191,180 sqft
4. Madison South $ 162,060 sqft
5. St. Johns $ 154,430 sqft
6. Pearl $25 135,850 sqft
7. Brooklyn $18 84,110 sqft
8. Sunderland $ 79,360 sqft
9. Old Town Chinatown $27 70,650 sqft
10. Hosford-Abernethy $26 70,530 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket