{
  "url": "https://classa.info/cities/portland-or",
  "title": "Portland (OR) Class A Office Market",
  "description": "Pacific Northwest creative-class hub with structural office repricing underway.",
  "oneSentenceAnswer": "Portland (OR) Class A office rents around $32/sqft/yr, with 27.8% vacancy and 16 months of typical rent-free on a 7-year term.",
  "tldr": [
    "Vacancy near 28% reflects deep Downtown Class B overhang and post-pandemic demand reset.",
    "Pearl District and post-2018 mid-rise Class A remain tight.",
    "Nike, Columbia Sportswear, and the outdoor / apparel cluster anchor structural demand.",
    "Concession environment is among the richest in the US — 16+ months free typical."
  ],
  "keyFacts": {
    "city": "Portland (OR)",
    "country": "United States",
    "region": "Americas",
    "classARentLocal": "$32/sqft/yr",
    "classARentUsd": "$32/sqft/yr",
    "vacancyPct": "27.8%",
    "typicalLeaseYears": 7,
    "typicalRentFreeMonths": 16,
    "submarkets": 5,
    "corporateTaxPct": "26.6%",
    "talentIndex": 78
  },
  "faqs": [
    {
      "question": "Is Downtown Portland recoverable?",
      "answer": "Recovery will be gradual. Significant adaptive reuse and conversion is in early stages, but absorption recovery is unlikely before 2027."
    },
    {
      "question": "What is the Pearl District's role?",
      "answer": "The Pearl District is Portland's principal creative-class trophy submarket — tech, advertising, design firms in repositioned warehouse and post-2010 mid-rise Class A."
    },
    {
      "question": "Are concessions still widening?",
      "answer": "Yes. 16+ months free with $100-$130/sqft TI is now typical on 10-year deals — among the richest US concession environments."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/portland-or), updated 2026-04-15T00:00:00.000Z."
}