# South Waterfront, Portland (OR) — Class A submarket

> South Waterfront is a prime-tier Class A submarket of Portland (OR) with average asking rent around $38/sqft/yr.

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

## TL;DR
- OHSU-anchored life-sciences submarket.
- Prime tier — ~$38/sqft/yr.
- Active Class A leasing market with deal flow across major broker desks.

## Key facts
- **city**: Portland (OR)
- **neighborhood**: South Waterfront
- **tier**: prime
- **averageRentLocal**: $38/sqft/yr

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