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1,728 Commercial Real Estate Listings in Portland, OR

Portland, OR Commercial Real Estate

There are currently 1,752 commercial listings available in Portland, OR. These listings include 1,322 commercial spaces that encompass a total of 14,913,059 square feet. A total of 1,086 off-market commercial properties located in Portland, OR are also available for research.

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Portland, OR Commercial Real Estate Market Overview

Location Photo

Portland has a diverse past from its time as a pioneer city to ship-building center to today. And, while Portland was infamous for crime in the middle of the 20th century, it has since been transformed into a center for social progress, environmental preservation and technology. In fact, the city is one of only a handful in the nation that has an urban growth boundary that restricts urban development, thereby ensuring the city grows up and not out to avoid encroaching on the surrounding natural wilderness.

Portland, OR Commercial Inventory Breakdown

In 2022 the Portland, OR commercial real estate market totaled 40,967,926 square feet of office spaces, 14,963,992 square feet of office spaces with retail, and 74,291,485 square feet of industrial space.

Office Spaces

Total: 40,967,926 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail
By square footage range:
50k to 100k SqFt 8,834,692 SqFt 21.56% of total office
100k to 500k SqFt 24,219,347 SqFt 59.12% of total office
500k to 1M SqFt 5,840,223 SqFt 14.26% of total office
> 1M SqFt 2,073,664 SqFt 5.06% of total office
By class:
Class A+ 2,527,645 SqFt 6.17% of total office
Class A 19,856,523 SqFt 48.47% of total office
Class B 14,282,308 SqFt 34.86% of total office
Class C 1,208,203 SqFt 2.95% of total office
Roughly 14.26% of the total office space in Portland, OR is comprised of properties between 500K to 1M square feet, and buildings between 50k to 100k square feet represent 21.56% of the office inventory.

Class A office space holds a 48.47% share of the overall Portland, OR office market, while Class B office assets make up approximately 34.86%.

Industrial

Total: 74,291,485 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 15,850,382 SqFt 21.34% of total industrial
100k to 500k SqFt 45,493,117 SqFt 61.24% of total industrial
500k to 1M SqFt 10,793,477 SqFt 14.53% of total industrial
> 1M SqFt 2,154,509 SqFt 2.9% of total industrial
By class:
Class A 19,930,482 SqFt 26.83% of total industrial
Class B 45,500,801 SqFt 61.25% of total industrial
Class C 7,203,746 SqFt 9.7% of total industrial
There are 45,493,117 square feet of commercial real estate properties between 100k to 500k square feet, representing 61.24% of the Portland, OR industrial inventory. Class A assets total 19,930,482 square feet of industrial space, with an additional 45,500,801 square feet of Class B and 7,203,746 square feet of Class C properties.

Office Spaces with Retail

Total: 14,963,992 SF

Data provided by Yardi Matrix, properties over 50k SF
By square footage range:
50k to 100k SqFt 3,565,858 SqFt 23.83% of total office with retail
100k to 500k SqFt 8,562,851 SqFt 57.22% of total office with retail
500k to 1M SqFt 1,555,283 SqFt 10.39% of total office with retail
> 1M SqFt 1,280,000 SqFt 8.55% of total office with retail

Portland, OR Currently Available Listings & Spaces

Number of Available Listings
City Property Type Count of listings Total SF
Portland, OR Office 352 6,717,196
Portland, OR Retail 127 679,993
Portland, OR Industrial 165 7,490,736
Portland, OR Other 712 14,971,879
Ofice Icon

352

Office

Industrial Icon

165

Industrial

Retail Icon

127

Retail

Current local active listing encompass 29,859,804 square feet of commercial space for lease in Portland. There are 352 active office listings, which amount to 6,717,196 square feet and account for 25% of commercial spaces on the market. Local retail availability includes 679,993 square feet across 127 listings. Current industrial offerings on the market amount to 7,490,736 square feet across a total of 165.

Employment in Portland, OR

Employed Population 372,977

Employed population - Industry % Distribution

Management, business, science, and arts occupations

52%

Sales and office occupations

18%

Service occupations

16%

Production, transportation, and material moving occupations

9%

Natural resources, construction, and maintenance occupations

4%

In 2020, roughly 52% of a total of 372,977 employed in Portland worked in Management, business, science, and arts occupations, followed by 18% in Sales and office occupations and 16% in Service occupations.

Income per capita $45,035  Median household income $76,231

Household income

32%

Under $50k

29%

$50k - $100k

27%

$100k - $200k

11%

Over $200k

The median household income in Portland stands at $76,231, with per capita income at $45,035. Households earning between $50k and $100k represent 29% of the total, while those earning over $200k make up 11%. Approximately 32% of Portland households earn less than $50k per year.

Commuting in Portland, OR

Mean travel time to work 26 minutes

Means of transportation to work

56.40%

Driving alone

8.20%

Carpool

13.40%

Public transit

5.20%

Bicycle

6.30%

Walking

1.40%

Other

9.10%

Work at Home

*Universe: Workers 16 and over

Education in Portland, OR

High school grad or higher 93%

Bachelor's degree or higher 53%

Population by minimum level of education

7%

No degree

15%

High school

26%

Some College

31%

Bachelor's

21%

Post-grad

*Universe: Workers 25 and over

An estimated 93% of Portland residents aged 25 or over hold a high school degree or higher. Of those, 15% are high school graduates, 26% attended some college, 31% earned a bachelor's degree, with an additional 21% holding post-graduate degrees.

Portland, OR Demographics

As of 2020, Portland had a total population of 653,467, with a median age of 37.50 years. Roughly 71.50% of the total population was between the ages of 16 and 64 years old.

Market News

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