Find Office Space in Portland, OR

Market Overview

The City of Roses, or commonly known as Portland, Oregon, is world renowned for their balance of all the amenities of a big city with a beautiful small town feel. It's strategic location, breathtaking natural beauty, mild weather, high style, comfortable standard of living, and the friendly personality of the city consistently ranks Portland in many Top Ten Lists. Portland sits at the junction of the Columbia and Willamette Rivers nestled between the Coastal and Cascadian Mountain Ranges. It also enjoys the benefits and conveniences of the state-of-the-art Portland International Airport connecting this strategic hub to the greater global economy. Portland is also home to a diverse cultural and ethnic mix of both people and attractions. Portland ranks as the 28th largest metropolitan area in the United States by population and is home to many large companies especially, in the high-tech, sustainable building, bio-tech, logistics, manufacturing and of course, forestry. Due to it's proximity to the two mountain ranges, Portland experiences a very comfortable and mild climate all year long, yet still has the four distinct seasons.

The heart of the city of Portland is the Pioneer Courthouse Square in the Central Business District, which hosts concerts, rallies, and other civic events. This was also the organizing site for Occupy Portland. Portland also is home to many historic districts such as the Old Town Chinatown, Yamhill, and the Pearl District, where there is a flair for maintaining the ambiance and charm of the historic community combined with modern sustainable building and renovation techniques. This area provides a great mix of offices, shops, restaurants, and housing. Industrial and Flex space can be commonly found in the Central Eastside and the Lloyd District, as well as, the Northeast and the Mid-Southeast Portland. The Sunset Corridor and John's Landing are also attracting industry and economic development.

As far as major metropolitan areas on the West Coast, Portland consistently has the most affordable housing costs. There are many types of housing options and the city planners have achieved a very accessible work life mix in terms of housing development. Urban living and Local living thrive in the city and contributes to the personality that Portland is known for. If you are looking to relocate or simply looking for new digs, come and check out what Portland has to offer! Vacancy rates for Office space in Portland are around 12.34% with an average rental rate of $20.99/sq. ft; Industrial and Flex space vacancy is approximately 17.45% with an average rental rate of $7.78/sq. ft.; and Retail space vacancy is running around 4.76% with an average rental rate of $19.09/sq. ft.