Which is the most prestigious Class A building in Portland (OR)?

Park Avenue West is the most-cited trophy benchmark in the Portland (OR) market.

Portland (OR)'s trophy roster is anchored by Park Avenue West, US Bancorp Tower (Big Pink), Portland Towers (Block 89).

Park Avenue West — Downtown, 2016.
US Bancorp Tower (Big Pink) — Downtown, 1983.
Portland Towers (Block 89) — Pearl District, 2015.
Hassalo on Eighth — Lloyd District, 2015.
Knight Cancer Research Building — South Waterfront, 2018.

Portland (OR) notable Class A buildings

Portland (OR)'s trophy roster is anchored by Park Avenue West, US Bancorp Tower (Big Pink), Portland Towers (Block 89).

TL;DR

Park Avenue West — Downtown, 2016.
US Bancorp Tower (Big Pink) — Downtown, 1983.
Portland Towers (Block 89) — Pearl District, 2015.
Hassalo on Eighth — Lloyd District, 2015.
Knight Cancer Research Building — South Waterfront, 2018.

Trophy roster

**Park Avenue West** (Downtown), ~280k sqft, completed 2016. Downtown's principal post-2010 trophy delivery. **US Bancorp Tower (Big Pink)** (Downtown), ~1120k sqft, completed 1983. Iconic Portland tower. **Portland Towers (Block 89)** (Pearl District), ~230k sqft, completed 2015. **Hassalo on Eighth** (Lloyd District), ~220k sqft, completed 2015. **Knight Cancer Research Building** (South Waterfront), ~320k sqft, completed 2018. OHSU expansion anchor.

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%
trophyBuildings	5

Frequently asked questions

Which is the most prestigious Class A building in Portland (OR)?: Park Avenue West is the most-cited trophy benchmark in the Portland (OR) market.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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