Average Rent for Office Space in Portland, OR
Rents for offices in Portland range between $6 and $56.47 per square foot, with the market-wide average currently at $22.39 per square foot according to the latest listing data.
Learn More About Office Spaces for Rent in Portland, OR
The Portland, OR market currently features 1,016 distinct office spaces available for lease, totaling approximately 7.1 million square feet.
Local inventory includes subtypes such as General Office with 607 listings, as well as other property types such as Creative Office and Medical Office.
Available office spaces range from 52 square feet to 185,000 square feet, with an average size of 6,691 square feet, accommodating businesses across various growth stages and operational requirements.
Range
Total Square Feet
Share of Total Office
25k to 50k Sq. Ft.
5,367,300
13.25%
50k to 100k Sq. Ft.
8,186,391
20.2%
100k to 500k Sq. Ft.
21,166,287
52.23%
500k to 1M Sq. Ft.
4,729,171
11.67%
> 1M Sq. Ft.
1,073,000
2.65%
Of the office inventory in Portland, 71 properties were constructed since 2000, typically offering up-to-date amenities.
An additional 98 buildings were developed between 1975 and 2000, while the remaining 210 date prior to 1975.
Portland, OR Office Market Breakdown
The office market in Portland, OR comprises 383 buildings totaling 40.5 million square feet.
Class A and A+ properties make up 42.25% of the office market in Portland, while Class B properties total 46.83% of the market and Class C properties take up the remaining 10.92%.
Range
Total Square Feet
Share of Total Office
Class A+
1,330,710
3.28%
Class A
18,684,147
46.11%
Class B
17,853,291
44.06%
Class C
2,654,001
6.55%
The market offers substantial flexibility in space configuration, with spaces reaching up to 185,000 square feet and an average square footage of 6,691 across all spaces located here.
Best Neighborhoods for Office Space in Portland, OR
Portland’s neighborhood with the most office spaces is Downtown Portland, offering 485 listings currently available.
The neighborhoods with the next largest offerings include Buckman with 58 listings, as well as The Pearl, which offers a total of 57 listings.
Neighborhood
No. of Listings
Total Sq. Ft.
Downtown Portland
485
3,631,212
Buckman
58
387,977
The Pearl
57
542,752
Lloyd District
52
432,938
Goose Hollow
37
250,559
2205 N Lombard St, Kenton, Portland, OR
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625 SW Broadway, Downtown Portland, Portland, OR