Downtown is a established-tier Portland (OR) submarket with average asking rent around $32/sqft/yr.

  • Average asking rent: $32/sqft/yr.
  • Tier: established.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 27.8% — submarket-level availability is typically tighter at established tier.

Downtown, Portland (OR) office rents and availability

Downtown is a established-tier Portland (OR) submarket with average asking rent around $32/sqft/yr.

TL;DR

  • Average asking rent: $32/sqft/yr.
  • Tier: established.
  • Citywide Class A rent context: $32/sqft/yr ($32 USD).
  • Citywide vacancy: 27.8% — submarket-level availability is typically tighter at established tier.

Where rent sits

Downtown averages around $32/sqft/yr for Class A, against a citywide Class A index of 32. As an established / value submarket, rent runs at or below city average with deeper availability.

Availability dynamics

Repricing legacy CBD. Banking, professional services, government, law firms.

Key facts

cityPortland (OR)
submarketDowntown
tierestablished
averageRentLocal$32/sqft/yr
cityClassARentUsd$32/sqft/yr
cityVacancyPct27.8%

Frequently asked questions

What is the average Class A rent in Downtown, Portland (OR)?
Around $32/sqft/yr. The citywide Class A index sits at $32/sqft/yr.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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