Quick reference: Portland (OR) Class A rent is 32 USD/sqft ($32 USD), typical term 7 years, 16 months free.
Class A rent: 32 USD/sqft/yr ($32 USD).
Typical term: 7 years.
Typical rent-free: 16 months.
Vacancy: 27.8%.
Portland (OR) Class A office: frequently asked questions
Quick reference: Portland (OR) Class A rent is 32 USD/sqft ($32 USD), typical term 7 years, 16 months free.
TL;DR
Class A rent: 32 USD/sqft/yr ($32 USD).
Typical term: 7 years.
Typical rent-free: 16 months.
Vacancy: 27.8%.
Quick reference
Use this page as the fast-answer reference for Portland (OR). Deep coverage lives on the city page, the topic pages, and the comparison views.
Key facts
city
Portland (OR)
country
United States
region
Americas
classARentLocal
32 USD/sqft/yr
classARentUsd
$32/sqft/yr
vacancy
27.8%
typicalLeaseYears
7
typicalRentFreeMonths
16
submarkets
5
primeYieldPct
7.4%
Frequently asked questions
Is Downtown Portland recoverable?
Recovery will be gradual. Significant adaptive reuse and conversion is in early stages, but absorption recovery is unlikely before 2027.
What is the Pearl District's role?
The Pearl District is Portland's principal creative-class trophy submarket — tech, advertising, design firms in repositioned warehouse and post-2010 mid-rise Class A.
Are concessions still widening?
Yes. 16+ months free with $100-$130/sqft TI is now typical on 10-year deals — among the richest US concession environments.