Portland Market Status

Median Rate
$36
/sqft/yr
Since 90 days ago
$3
/sqft/yr
Median Size
2,670
sqft

Concentration of Listing Postings in Portland

Portland Rates

Most listings are in the $30's per square foot per year. The Portland region is going through a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 13% increase in rent.

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

Portland Listing Supply

In the last 90 days, 261 listings have been made available, so you'll want to check back regularly for new listings. About 85% of the available space 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 2,670 sqft, there are still 0 office spaces below 2,000 sqft. Most properties in this region are close to 3 stories. Most buildings in this area were built in 1955 and are Class B.

Portland Community

Subleases

50%
Subleases

Under 5000 sqft

0%
Under 5000 sqft

Top Submarkets

Rate/sqft/yr Listing Inventorylast 90 days
1. Downtown Portland $31 659,130 sqft
2. Northwest District $24 237,780 sqft
3. Buckman $29 179,530 sqft
4. Pearl $32 163,060 sqft
5. Hosford-Abernethy $26 117,940 sqft
6. St. Johns $ 105,720 sqft
7. Parkrose $27 86,440 sqft
8. Brooklyn $18 85,100 sqft
9. Sunderland $ 79,360 sqft
10. Old Town Chinatown $22 44,050 sqft

Listing Rates

Average Asking Rate Over Time (/sqft/yr)

Historical rate data provided by JLL.

Listing Rates by Submarket