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Are you in search of Portland office space? We know Portland office space and would love to help you acquire the right space with our free service.

The largest city in the state of Oregon. The city is covering 154 square miles and had an estimated population of 647,805 in the year 2017.  The current population is approximately 2.4M in the Portland metropolitan statistical area (MSA).

Portland, Oregon, is a great location for your business! Just 70 miles east of the Pacific Ocean, at the junction of the Willamette and Columbia rivers, Portland offers a sound economy for business and a great life style for employees. It’s renowned as one of the most environmentally-conscious cities in the world due to careful land-use planning, extensive public transit and relatively low energy costs. The city was ranked as the most pedestrian and transit-friendly city in the US. Because the climate is perfect for roses, the city is filled with gorgeous rose gardens and is home to the International Rose Test Garden. Portland’s skyline is beautiful as the city’s evening lights reflect in waters along the waterfront with magnificent mountains in the background. Portland is a full-fledged city with the atmosphere of a large town.

There are also quite a few office sub-markets in the Portland area. Some of these include Lake Oswego and Beaverton. Within the Portland office space market there are also many areas you may want to consider such as Barbur Boulevard, the CBD, Johns Landing, Kruse Way, Lloyd District, Northwest District, and the very popular Pearl District. We make sure or local reps track all of the office space available in these as well as throughout the region.

OfficeFinder’s LOCAL Portland office space professionals can help you locate the perfect spot for your business, whether you prefer Portland office space to rent, lease or purchase and the service is FREE. You may desire a high-visibility location to attract pedestrian and street traffic or you may want to be conveniently located near interstate highways, along the waterfront, close to PDX international airport or near rail service for shipping your products to consumers around the globe. Portland has it all. From small Portland office spaces to multi-floor corporate headquarters, OfficeFinder will help you locate a site that meets your needs, assist in negotiating a good deal and help you understand the language contained in an agreement before you sign. As experts in Portland office space, we help business owners save both time and money when securing office space in Portland. To start, just fill in the easy form on this page and you’ll be contacted by a LOCAL OfficeFinder representative who will learn details about your unique requirements. Using proprietary databases only available to professionals, OfficeFinder reps can rapidly match your specific requirements with office space Portland has available. You know before visiting the site that the property meets your stated requirements, so the process is much more efficient for you.

Our FREE Portland office space services can also include helping you find an executive suite, virtual office space, finish-to-suit site, medical facility, corporate headquarters, wholesale or retail center or light industry space. Let OfficeFinder assist you in finding that special Portland office space that is right for your business.


Find Portland Office Space for Lease or Rent

Portland Office Center

Portland's Best Center Has It All! Office Space & Meetings Rooms
1220 Main Place

1220 Main Place Vancouver office space available now - zip 98660

AmberGlen Beaverton office space available now - zip 97006

Beaverton Beaverton office space available now - zip 97005
Congress Center

Congress Center Portland office space available now - zip 97204
Custom House

Stately Custom House Office Space in Portland
Hillsboro Office Space

Best & Affordable Metro Portland Office Space in Hillsboro
Liberty Centre

Liberty Centre Portland office space available now - zip 97232
Lincoln Center

Lincoln Center Portland office space available now - zip 97223
Pearl District

Pearl District Portland office space available now - zip 97209

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What's Happening in The Portland Office Market?

According to the published report MarketView by CBRE, Portland metro area was highly active throughout the second quarter of 2018. As the region faces shrinks in labor market, it still stretches an outstanding performance in job growth with professional services, finance and healthcare. The high demand in office market was encouraged by the tenants itself, as they continue to quest for the best value to establish and expand their businesses, companies are still putting a lot of effort to retain and gain skilled employees.

Here are the numbers for Portland office space:

Portland has added over 225,000 sq. ft of new spaces to the downtown market, these were from the two projects delivered in the second quarter of 2018. Both projects were located in the Northwest submarket and half were preleased. The quality space stays in high demand for tenants, drawing outside tenants aiding in the growth of the Portland metro area.

Vacancy Rate:

Portland office has 11% vacancy rate in Q2 of 2018 according to CBRE Marketview. The rate has been increasing in the past five years with a total of reduction of 16.0%. Rate is still stable even with new construction that delivers the position of the market and continues demand for space. This rate is projected to be stable through 2019, with new 'developments being delivered to the market and sustained tenants’ demand for their activities and expansion.

Rental Rate:  

The average least rate has increased by 2.2% compared to first quarter for the year. Current rental rate is at $29.40 per sq. ft. Projection shows that it still rising because of the construction costs and new developments. Even lower rates can still be found in older spaces, tenants are still attracted to new and redeveloped spaces and are still willing to pay higher rate for quality and modern facilities.

Absorption Rate:

The suburban market remained its momentum in the second quarter of the year, accounting for two-thirds of total net absorption. Majority of the positive absorption was due to the leasing activity in close-in eastside. The current net absorption is at 531,197 sf.

In other words, the Portland office market is healthy with good absorption, low vacancy rates and increasing rental rates. What that means for tenants is that it is in your best interest to have the assistance of an office tenant representative to help you find the best space at the best possible price. You don’t want to leave anything on the table, so get some FREE assistance from a professional. Let us know what you are looking to find and we will find the best match for you. Both our and our representatives services are free to you.

Useful Statistics for businesses looking for office space in Portland
  Portland OR State
2016 Estimated Population 620,589 3,982,267
Median Age 36.8 39.1
Housing Units 272,551 1,706,290
Occupied 256,432 1,545,745
Owned 136,114 948,587
Rented 120,318 597,158
Average Household Size 2.36 2.52
Rental Vacancy Rate 2.5% 3.8%
Homeowner Vacancy Rate 1.2% 1.6%
Median Home Value $319,400 $247,200
Median Monthly Rental Cost $1,025 $941
Estimated Mean Income $99,832 $84,441
Median Household Income $58,423 $53,270
Percent of Individuals below poverty level 16.9% 15.7%
Educational Attainment: Percent high school graduate or higher 91.6% 90%
Educational Attainment: Percent high school graduate 15.9% 23.9%
Educational Attainment: Percent with some College 21.7% 26.2%
Educational Attainment: Percent bachelor degree or higher 47% 31.4%
Average Commute time in minutes 25.6 23.2
Commute 325,341 1,792,129
Commute by car, truck or other vehicle - Drive Alone 187,929 1,280,277
Commute by car, truck or other vehicle - Carpool 28,999 184,900
Use Public Transportation 39,303 79,134
Work from Home 24,396 114,104
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