Portland, OR Office Space for Rent

Search 1,004 office listings in Portland, OR and find helpful local stats in the Market Overview section below.

Block 216

560 SW 10th Avenue, Downtown Portland, Portland, OR
Property

Office

168,464 SF
Availability

5 Spaces

110,047 SF
Year Built

2023
For Lease Contact for pricing
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Multnomah Plaza

305 NE 102nd Avenue, Hazelwood, Portland, OR
Property

Office

52,843 SF
Availability

1 Space

3,134 SF
Year Built

1988
For Lease

$28.00/SF/YR
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River Park Plaza

6500 SW Macadam Avenue, Corbett - Terwilliger - Lair Hill, Portland, OR
Property

Office

59,888 SF
Availability

3 Spaces

9,857 SF
Year Built

2002
For Lease

$25.00 - $34.00/SF/YR
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Clay Pavilion

120 SE Clay Street, Hosford - Abernethy, Portland, OR
Property

Office

78,000 SF
Availability

2 Spaces

55,991 SF
Year Built

2018
For Lease Contact for pricing
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Rockwood C Office, LLC
Coworking at Rockwood Market Hall
464 Southeast 185th Avenue, Portland, OR
Services

Open Workspace
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Professional/Creative Office, Medical, or Retail

1040 NE 44th Ave, North Tabor - Center, Portland, OR
Property

Office
Availability

1 Space

1,390 SF
For Lease Contact for pricing
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The Mayer Building

1130 SW Morrison Street, Downtown Portland, Portland, OR
Property

Office

45,116 SF
Availability

1 Space

3,318 SF
Year Built

1927
For Lease

$2.67/SF/MO
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1233 NW 12th Avenue

1233 NW 12th Avenue, The Pearl, Portland, OR
Property

Office

75,000 SF
Availability

2 Spaces

5,783 SF
Year Built

1939
For Lease Contact for pricing
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Space for lease at Portland's most iconic new building | The Offices at 11W

1102 SW Washington St, Downtown Portland, Portland, OR
Property

Office
Availability

1 Space

19,528 SF
Year Built

2023
For Lease Contact for pricing
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620 SW 5th Avenue

620 SW 5th Avenue, Downtown Portland, Portland, OR
Property

Office

103,077 SF
Availability

21 Spaces

77,753 SF
Year Built

1907
For Lease Contact for pricing
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American Brush Building

116 NE 6th Ave, Kerns, Portland, OR
Property

Office

16,143 SF
Availability

3 Spaces

11,543 SF
Year Built

1907
For Lease Contact for pricing
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Pioneer Tower

888 SW 5th Avenue, Downtown Portland, Portland, OR
Property

Office

284,000 SF
Availability

15 Spaces

208,301 SF
Year Built

1990
For Lease Contact for pricing
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Up to 120,728 SF of office space at make

2151 NW Savier St, Nob Hill - Northwest District, Portland, OR
Property

Office
Availability

1 Space

120,728 SF
For Lease Contact for pricing
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1000 Broadway

1000 SW Broadway, Downtown Portland, Portland, OR
Property

Office

417,436 SF
Availability

2 Spaces

7,828 SF
Year Built

1992
For Lease Contact for pricing
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Heartline

1241 NW Johnson Street, The Pearl, Portland, OR
Property

Office

70,702 SF
Availability

1 Space

15,414 SF
Year Built

2018
For Lease Contact for pricing
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Lloyd 700 Bldg

700 NE Multnomah St, Lloyd District, Portland, OR
Property

Office

261,955 SF
Availability

9 Spaces

72,127 SF
Year Built

1971
For Lease Contact for pricing
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10534 & 10602 NE Sandy Blvd

10534 & 10602 NE Sandy Blvd, Parkrose, Portland, OR
Property

Office

9,897 SF
Availability

1 Space

9,897 SF
Year Built

1924
For Lease Contact for pricing
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209 Building

209 SW Oak Street, Downtown Portland, Portland, OR
Property

Office

43,399 SF
Availability

8 Spaces

27,614 SF
Year Built

1912
For Lease Contact for pricing
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For Lease | The Water Tower

5331 S Macadam Ave, Corbett - Terwilliger - Lair Hill, Portland, OR
Property

Office
Availability

1 Space

14,124 SF
For Lease Contact for pricing
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One Pacific Square

220 NW 2nd Avenue, Old Town Portland - Chinatown, Portland, OR
Property

Office

238,996 SF
Availability

2 Spaces

2,863 SF
Year Built

1984
For Lease Contact for pricing
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Office Space Rents in Portland, OR

Asking prices for office space in Portland vary and are generally influenced by such factors as the property location, the building quality rating, and the proximity to amenities like restaurants, cafes, and entertainment venues, as well as how convenient access is to and from public transport, airports, and thoroughfares.

Most commonly, the cost in any location will first be influenced by the property class rating, which can be A, B, or C. For example, Portland space rated Class A averages $36.28 per square foot. Meanwhile, Class B space in Portland asks $24.07 per square foot, on average. At the same time, listings in Class C buildings are listed for an average of $19.99 per square foot.

Overall, the average rent for office space in Portland is $28.45 per square foot. The maximum rental rate among listings for lease in Portland is $60.3 per square foot. Meanwhile, the minimum rental rate in Portland is $1.3 per square foot.

Average Office Rents by Property Class in Portland vs Oregon

Portland Class A & A+ Office Space

$36.28

Oregon Class A & A+ Office Space

$35.37

Portland Class B Office Space

$24.07

Oregon Class B Office Space

$23.28

Portland Class C Office Space

$19.99

Oregon Class C Office Space

$26.43

Top Locations to Rent Office Space in Portland, OR

There is no one-size-fits-all answer as to what the best office space for rent location is in Portland. The best neighborhood or submarket match for you will depend on what are the most relevant factors to your business and your employees. You will most likely need to consider what works best for the type of business you need space for, the size of your company, the employee demographics, and of course the company budget.

However, a good starting point for finding your best options is to look at the areas where there is a high concentration of office property listings. These areas are typically well-connected to a range of access routes and are also home to a variety of amenities that serve the convenience of both workers and visitors. In Portland, the greatest concentration of office for rent opportunities is in Central Eastside.

For your consideration, the average rent for office space in Central Eastside is $22.64 per square foot, but you should expect some price variation across the market, depending on factors like location and property class.

Best Areas to Rent Office Space in Portland

Submarket No. of Listings Avg. Asking Rent Class A&A+ Rent Class B Rent Class C Rent Vacancy Rate

Central Eastside 57 $22.64 $22.73 24.59%

Tigard 45 $23.8 $32 $24.67 $32 13.88%

Sunset Corridor 43 $24.44 $34 $22.12 $34 6.94%

Northeast Portland 40 $22.6 $24.52 12.53%

West End 30 $30.58 $40.33 $22.66 $40.33 26.86%

Key Factors to Consider when Choosing an Office Space for Rent in Portland, OR

The quality of an office property can be judged based on subjective factors such as the prospective tenant’s preferred architecture style, the overall design of the surrounding area, as well as the amount and/or diversity of amenities available within a convenient distance.

Some quality factors, however, are considered to be mostly objective, and have been somewhat standardized as top things to consider when looking for a specific quality of space for your business. These include construction grade and building quality ratings, sustainability certifications, the total age or the property, as well as any renovation work that was done.

A local breakdown by property class shows that about 47.43% of total office space listings in Portland are in properties rated class A. An additional 3.17% of total represents trophy class or class A+ space. Class B space makes up 43.46% of total space available in Portland. Class C space listed for rent locally accounts for 5.93% of total opportunities on the local leasing market.

If considering quality space by property age, the Portland market is also a mixed bag in this respect. About 68.92% of local office properties were completed before the year 2000. Office space delivered in and since the year 2000 makes up 31.08% of the local market and adds up to a total of 5,651,585 square feet.

However, a certain age of completion of the original structure does not necessarily mean that a property is too old. Older properties are often considered to have excellent bones and are good subjects for adaptive reuse redevelopment or extensive renovation to modernize the interior space. With that in mind, you should consider that roughly 7.55% of all office properties here are buildings that have been renovated at least once since 2000.

Portland, OR Office Space for Lease by Building Class

Class A+
Class A
Class B
Class C

Portland, OR Office Property By Year Built

10

Before 1900

53

1900 - 1925

30

1925 - 1950

66

1950 - 1975

118

1975 - 2000

113

After 2000

Modern quality standards also take into account the property’s sustainability minded design, which is largely standardized by certification processes such as the LEED program. In Portland, you can find 167 listings for rent that are in LEED-certified or LEED-proposed properties. The local market is home to 30 LEED-certified office building(s). Certification can range from basic LEED requirements to Platinum, which is the highest achievable level of certification awarded by the U.S. Green Building Council. Currently, Portland has 3 LEED-proposed office building(s) awaiting certification.

Number of Buildings by Leed certification in Portland, OR

30

TOTAL

18

Gold

8

Silver

2

Platinum

2

LEED

Size by Leed certification in Portland, OR

TOTAL

7,193,494

Gold

4,539,837

Silver

2,113,792

Platinum

332,000

LEED

207,865

Finding Office Space for Rent in Portland, OR Near You

If you have a certain point of interest in mind for renting an office in Portland, it’s easy to navigate local leasing opportunities around it. Using our interactive search map, you can zoom in to your preferred location and then customize your search area around that specific point of interest by selecting “Radius” from the Search Mode options menu. Establish the center of your desired search area with one click on the map, and then expand the radius as much as you need to. Browse the resulting list of available office spaces for rent to find the best match for your location and other business needs.

Data was provided by CommercialEdge and refers to office properties at least 25,000 square feet in size. Prices shown reflect the average rate per square foot.

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Recent Office Market News

Menashe Buys 3rd Largest Office Building in Portland

This asset previously traded for $255 million in 2019.

Inside the Mass Timber Playbook

ZGF Architects’ Jacob Dunn on strategies for implementation and the firm’s high-profile projects.

Lincoln Property Inks Full-Floor Lease in Portland

A law firm will move its headquarters to the 27th floor of the downtown office tower.

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Shorenstein had owned the two Class A assets since 2007.

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With the assistance of CBRE, an entity owned by Westport Capital Partners has refinanced the creative office property in the heart of the city’s tech hub.

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