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Commercial Real Estate in Portland, OR - 474 Properties Available

  • Gresham Station Medical Plaza - Gresham
    1867 NW Civic Drive, Northwest Gresham, Gresham, OR 97030
    For Lease $24/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 41,380 Sqft
  • Park Square Campus - Portland
    100 SW Market Street, Downtown Portland, Portland, OR 97201
    For Lease $30/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 14,631 Sqft
  • Professional Plaza 102 - Portland
    121 NE 102nd Avenue, Hazelwood, Portland, OR 97220
    For Lease $19/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 9,866 Sqft
  • World Trade Center - Portland
    121 SW Salmon Street, Downtown Portland, Portland, OR 97204
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 8,850 Sqft
  • 1700 NW Civic Drive - Gresham
    1700 NW Civic Drive, Northwest Gresham, Gresham, OR 97030
    For Lease $20.25/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 6,398 Sqft
  • Lincoln Place - Portland
    1620 SW Taylor Street, Goose Hollow, Portland, OR 97205
    For Lease $19 - $25/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 6,216 Sqft
  • Pacwest Center - Portland
    1211 SW Fifth Ave, Downtown Portland, Portland, OR 97204
    For Lease $32/Sqft/Year
    Property
    • Office
    Availability
    • 13 Spaces
    • 132,448 Sqft
  • Brewery Block 4 (M Financial Plaza) - Portland
    1122 NW Davis Street, The Pearl, Portland, OR 97209
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 69,151 Sqft
  • The Reserve - Portland
    915 SW Harvey Milk Street, Downtown Portland, Portland, OR 97205
    For Lease $22.5/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 65,728 Sqft
  • 200 Market Place - Portland
    200 SW Market Street, Downtown Portland, Portland, OR 97201
    For Lease $27.5 - $38/Sqft/Year
    Property
    • Office
    Availability
    • 8 Spaces
    • 57,049 Sqft
  • Board of Trade Building - Portland
    310 SW 4th Avenue, Downtown Portland, Portland, OR 97204
    For Lease $27 - $28/Sqft/Year
    Property
    • Office
    Availability
    • 9 Spaces
    • 48,593 Sqft
  • The Falcon Building - Portland
    321 NW Glisan Street, Old Town Portland - Chinatown, Portland, OR 97209
    For Lease $25/Sqft/Year
    Property
    • Office
    Availability
    • 5 Spaces
    • 33,820 Sqft
  • Mason Ehrman Building & Annex - Portland
    222 NW 5th Avenue, Old Town Portland - Chinatown, Portland, OR 97209
    For Lease $25 - $26.5/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 28,551 Sqft
  • 16790 NE Mason Street - Portland
    16790 NE Mason Street, Wilkes, Portland, OR 97230
    For Lease $21/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 23,422 Sqft
  • Selling Building - Portland
    610 SW Alder Street, Downtown Portland, Portland, OR 97205
    For Lease $24 - $27/Sqft/Year
    Property
    • Office
    Availability
    • 6 Spaces
    • 21,407 Sqft
  • Sixth at Yamhill - Portland
    811 SW 6th Avenue, Downtown Portland, Portland, OR 97204
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 21,357 Sqft
  • Pittock Block - Portland
    921 SW Washington Street, Downtown Portland, Portland, OR 97205
    For Lease $25/Sqft/Year
    Property
    • Office
    Availability
    • 4 Spaces
    • 16,709 Sqft
  • Harrison Square - Portland
    1800 SW 1st Avenue, Downtown Portland, Portland, OR 97201
    For Lease $32/Sqft/Year
    Property
    • Office
    Availability
    • 2 Spaces
    • 13,500 Sqft
  • 5550 SW Macadam Avenue - Portland
    5550 SW Macadam Avenue, Corbett - Terwilliger - Lair Hill, Portland, OR 97239
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 3 Spaces
    • 12,597 Sqft
  • Thurman Building - Portland
    1631 NW Thurman Street, Nob Hill - Northwest District, Portland, OR 97209
    For Lease $23.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 12,187 Sqft
  • CH2M Hill Center - Portland
    2020 SW 4th Avenue, Downtown Portland, Portland, OR 97201
    For Lease $34/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 12,005 Sqft
  • Clay Pavilion - Portland
    120 SE Clay Street, Hosford - Abernethy, Portland, OR 97214
    For Lease $34.5/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 10,500 Sqft
  • Pearl West - Portland
    1455 NW Irving Street, The Pearl, Portland, OR 97209
    For Lease $33/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 9,989 Sqft
  • Clay Creative - Portland
    1615 SE 3rd Avenue, Hosford - Abernethy, Portland, OR 97214
    For Lease $33/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 9,202 Sqft
  • Ziba Headquarters - Portland
    1044 NW 9th Avenue, The Pearl, Portland, OR 97209
    For Lease $28/Sqft/Year
    Property
    • Office
    Availability
    • 1 Space
    • 8,954 Sqft

Portland, OR Economic Overview

Location Photo

Located on the Willamette and Columbia Rivers, Portland is the largest city in Oregon and the second largest in the Northwestern United States. Its growing population of 640,000+ and its location on major shipping corridors makes Portland a crucial city for economic activity in the U.S. In this economic atmosphere, opportunity is abundant and growing, which also contributes to the dynamic Portland commercial real estate market.

Portland’s economy is driven primarily by international business corporations, international shipping, technology companies, fishing and forestry. In its immediate vicinity are the Portland dry docks, the third largest dry docks in the United States, and the Portland Port, located 80 miles up-river, also one of the largest in the country. The city is home to over 1,000 tech companies, warranting the recently attributed nickname “Silicon Forest.” Moreover, many athletic and footwear companies have national or international headquarters in the city, including Nike, Adidas, Dr. Martens, and Columbia.

Portland, OR Commercial Real Estate Market

Portland is divided into five “quadrants,” split roughly by the Willamette River: North Portland, Northeast Portland, Southeast Portland, Southwest Portland, and Northwest Portland. Each of these have numerous neighborhoods where a business can find real estate out of which to operate a business. While major neighborhoods are listed below, it is important to remember two things about Portland: the first is that its recent boom in population and business has caused the rate of living and price of real estate to rise, a trend not likely to end any time soon. The second is that Portland’s government has created an economic atmosphere nearly perfect for businesses, including low tax rates and other incentives to continue growing the economy.

The Downtown Portland office market is expansive and expanding. A rather compact downtown, skyscrapers continue to open up along with floors of already existing buildings. It is surrounded by major neighborhoods offering economic opportunities and, due to its walkability, remains close to every major neighborhood of the city. With Portland’s sales tax virtually non-existent, downtown is a perfect location for businesses to open and begin operations.

Pearl District business space is also expansive, but can be quite costly. Formerly the industrial center of the city, art galleries, restaurants, and retail stores now operate out of the former factories. It is one of the wealthiest neighborhoods in the city and offers great real estate for businesses involved in food, fashion, or art industries.

Overlook industrial space. Though only one neighborhood amongst many, Overlook is home to Adidas North America. This is just one example of a corporation being able to set up shop in the area: nearby Beaverton is home to Nike, and Washington County—just south of Portland—is home to Columbia. The outskirts of the city are home to large real estate spaces that can be used to build business.

Portland, OR Office Rental Rates ($/SF/year)

Data provided by Yardi Matrix, for properties larger than 50K SF.

Portland, OR Office Sales

Data provided by Yardi Matrix, for properties larger than 50K SF, which sold at over $5M.

Portland, OR Commercial Inventory Breakdown

Office Spaces

Total: 39,026,062 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 8,050,810 SF / 20.63% of total office
  • 100k to 500k SF: 23,500,170 SF / 60.22% of total office
  • 500k to 1M SF: 5,379,882 SF / 13.79% of total office
  • > 1M SF: 2,095,200 SF / 5.37% of total office

By class:

  • Class A+: 2,680,088 SF / 6.87% of total office
  • Class A: 18,965,991 SF / 48.6% of total office
  • Class B: 14,010,901 SF / 35.9% of total office
  • Class C: 968,661 SF / 2.48% of total office

Industrial

Total: 341,000 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 100k to 500k SF: 341,000 SF / 100% of total industrial

Employment in Portland, OR

Employment

Portland’s unemployment rate of 3.4% is one of the lowest in the United States and a full percentage point below the national average (which is at 4.7%). Office and administrative support in the city’s numerous businesses and government facilities, sales, and transportation make up for most of the employment in the area. Not surprisingly, with the rate of growth in the city, architecture, engineering, and construction jobs also have a high rate of employment. However, as previously mentioned, tech companies—in particular, Intel—and Nike are the largest employers in the state.

Education in Portland, OR

The Portland area’s education sector is expansive. Portland proper has six public school districts, with Portland Public Schools being the largest. There are also a large number of private schools that serve a wide array of demographic groups, including the Northwest Academy, Portland Jewish Academy, and St. Mary’s Academy.

The area is also home to major institutions of higher education. Portland State University is located in downtown Portland and has the second largest enrollment numbers next to Oregon State University, which is located in Corvallis, only 85 miles south. Other notable institutions that are located in the city are The University of Portland, a large private university; nearby Reed College, one of the best liberal arts institutions in the United States, and Lewis & Clark College, another thriving liberal arts institution.

Commuting Time in Portland, OR

Portland’s commuting time can be tricky due to the wide array of available transportation types available to residents. For vehicle owners, Portland’s traffic jams can be a real headache: according to Oregon Live, Portland’s traffic jams are ranked in the top-ten worst in the United States. However, Portland is also home to numerous bike paths, an extensive bus system, and a light rail and streetcar system that is so efficient that it is almost unmatched in the rest of the United States. Numerous companies operate in the downtown area, a neighborhood that is highly compact and easily walkable.

Portland Demographics

Population

  • Total Population630,331
  • Male Population(49.5 %) 312,021
  • Female Population(50.5 %) 318,310
  • Median Age36.80

Income/Financial

  • Average Household Income$85,335
  • Median Household Income$61,532
  • Median Income Under 25$27,524
  • Median Income 25-44$69,538
  • Median Income 45-64$68,134
  • Median Income Over 65$42,841

News

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