# Portland (OR) Class A Office Market

> 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.

**Canonical URL:** https://classa.info/cities/portland-or
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- 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.

## Key facts
- **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

## FAQ
### Is Downtown Portland recoverable?
Recovery will be gradual. Significant adaptive reuse and conversion is in early stages, but absorption recovery is unlikely before 2027.

### What is the Pearl District's role?
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.

### Are concessions still widening?
Yes. 16+ months free with $100-$130/sqft TI is now typical on 10-year deals — among the richest US concession environments.

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Citation: Source: Class A Atlas (https://classa.info/cities/portland-or), updated 2026-04-15T00:00:00.000Z.