Portland Retail Commercial Real Estate
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Retail Commercial Real Estate in Portland
The largest city in Oregon, Portland is a major destination for high-technology, retail, tourism, finance, and business in the Pacific Northwest. Outside of Seattle, the city is the biggest economic contributor to the region and home to 2.4 million residents to the metropolitan area. From the hyper-niche boutiques of the Pearl District to the upscale shopping experiences along Northwest 23rd Avenue in Nob Hill, Portland offers a retail shopping experience like no other.
Companies like Nike, Columbia, and Adidas hold roots in Portland, driving both manufacturing and retail innovations throughout the country and around the world. And due to their presence in the area, outlet malls abound. Cascade Station, Gateway, Washington Square, Pioneer Place, and even nearby Woodburn offer incredible discounts on name-brand products - and ample opportunity for companies seeking a clientele with disposable income.
No matter where you turn in Portland, the business community thrives. As one of the country’s most walkable cities, Portland excels at street-level, foot traffic-friendly businesses that offer both mainstream options like breweries and coffee shops to boutiques and oddities that only the city can provide.
Over 1,000 technology companies call the Portland area home. Thanks to its arts and culture scene (and a lower cost of living compared to San Francisco and Seattle), well-educated and qualified professionals have flocked to the city over the last decade. Commonly referred to by locals as the Silicon Forest, home to companies like Intel and countless online startups looking to capitalize on the talent base located within Portland. Venture capital interest in Portland is at historic levels, hitting record highs in 2018 for private funding throughout the business community.
Businesses looking to expand into Portland or open their first shop shouldn’t have any trouble finding a dedicated clientele throughout the city’s many diverse and wonderful neighborhoods. From the historic and tourist-heavy Pearl District to Hawthorne, there’s history and opportunity around every corner of the Rose City.
Market Stats
Portland has 2,189 commercial real estate spaces for lease, representing 19,306,862 sqft space.
651 buildings are available for sale.
In the past 30 days, Portland has had 690 spaces leased and 5 new spaces come on market.