Portland, OR Retail Space for Lease
Search 205 retail listings in Portland, OR and find helpful local stats in the Market Overview section below.
Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Portland asks $26.09 per square foot.
The most common type of lease agreement you’ll find here is NNN, with 60 space(s) available under this type of arrangement. The local market is also home to 8 retail space(s) offered under a Modified Gross lease agreement type, and 4 Full Service listing(s).
The average size for this type of rental opportunity in Portland is 1,000 sqft to 2,500 sqft. Currently, the local market offers 125 listing(s) within that size range. You can also search 72 listing(s) in the 2,500 sqft to 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.
Retail space in Portland comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Restaurant and you can find 27 such space(s) available.
Restaurant spaces listed for rent here have an average size of 3,282 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.
The local market is also home to 22 space(s) listed as Interior Retail. The average size you can expect to find for this category is 2,789 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.
What’s more, you can find 9 listing(s) in the Street Retail category, currently available in the average size of 2,435 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.
Restaurant
27
Interior Retail
22
Street Retail
9
Freestanding
4
Restaurant
3,282 sq. ft.
Interior Retail
2,789 sq. ft.
Street Retail
2,435 sq. ft.
Freestanding
2,075 sq. ft.
However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.
In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.
Downtown Portland is your top choice for lease opportunities, as it is currently home to the highest number of listings — 78 retail space(s). The most popular space type here is Interior Retail. You can find 5 such listing(s) here.
Portland’s second most popular area is The Pearl, where you can find 38 retail listing(s). The most likely type of space you can rent here is Interior Retail. If this is the kind of property you are looking for, you will find 1 listing(s) available here.
Buckman is also among the best areas to search for your next commercial space. Here you can find 33 retail space(s) available for consideration by prospective tenants, of which 4 are Strip Retail.
Downtown Portland
78
The Pearl
38
Buckman
33
Central Gresham City
22
Goose Hollow
20
When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.
Data based on retail spaces listed for rent on CommercialSearch.com
The deal is the latest in a series of major moves by the company this year.
This vintage mall’s redevelopment calls for an office campus and a multifamily component.
The property was 93 percent leased at the time of the sale.
C.E. John Co. owns the 477,000-square-foot property.
As the new owner of the asset, Asana Partners plans to make significant enhancements to the property and push leasing efforts to attract new tenants.
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