Downtown (established, ~$32/sqft/yr) is one of 5 Portland (OR) Class A submarkets we track.

• Downtown sits at established tier.
• Average rent $32/sqft/yr vs city average 32.
• Compared submarkets: Pearl District (trophy), Lloyd District (prime), South Waterfront (prime).

TL;DR

• Downtown sits at established tier.
• Average rent $32/sqft/yr vs city average 32.
• Compared submarkets: Pearl District (trophy), Lloyd District (prime), South Waterfront (prime).

Side-by-side with peers

**Pearl District** (trophy, $42/sqft/yr) — Creative-class trophy submarket. **Lloyd District** (prime, $30/sqft/yr) — Convention-anchored mixed-use cluster. **South Waterfront** (prime, $38/sqft/yr) — OHSU-anchored life-sciences submarket. **Beaverton / Hillsboro** (established, $28/sqft/yr) — Tech and apparel suburban corridor.

Key facts

Frequently asked questions

What other submarkets compete with Downtown in Portland (OR)?

Pearl District, Lloyd District, South Waterfront

Related

• Downtown — submarket overview
• Portland (OR) — full city profile
• Portland (OR) submarkets — all
• Downtown — Rents
• Downtown — Tenants
• Downtown — Transit
• Downtown — Amenity

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.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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