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Commercial Real Estate

Affordable and Diverse Commercial Real Estate:
A Growth Advantage

The average commercial Class A office space in Greater Portland rents for $25.46 per square foot. This is half the cost of space in San Francisco and two-thirds the cost of space in Seattle.

The charts below show how Greater Portland's industrial space and Class A / Class B office space rents and availability stack up against those of similar markets.  

Greater Portland's reasonable rents allow new businesses to enter the market, and the region's affordability helps ensure a dynamic, diverse mix of companies.

Contact Greater Portland to learn how to expand your business.

Industrial

Market Flex Vacancy Warehouse Vacancy
Austin $11.64 12.80% $6.96 6.90%
Denver $10.00 10.90% $6.47 3.10%
Phoenix $11.92 17.90% $5.63 10.80%
Greater Portland $11.95 11.60% $5.78 4.40%
San Francisco $26.61 5.30% $12.23 3.10%
San Jose (South Bay) $19.71 10.90% $9.19 4.70%
Seattle $14.43 8.10% $6.20 4.50%
  

Office

Market Class A Vacancy Class B Vacancy  
Austin $33.40 10.50% $25.75 8.50%
Denver $29.06 11.20% $20.48 10.80%
Phoenix $25.36 16.40% $20.30 18.40%
Greater Portland $25.46 9.90% $20.36 8.70%
San Francisco $49.64 7.70% $45.35 6.80%
San Jose (South Bay) $37.72 9.20% $33.10 10.50%
Seattle $37.81 11.00% $25.18 9.40%

Source: CoStar National Office and Industrial Market Reports, Q1 2015

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