South Waterfront (prime, ~$38/sqft/yr) is one of 5 Portland (OR) Class A submarkets we track.

• South Waterfront sits at prime tier.
• Average rent $38/sqft/yr vs city average 32.
• Compared submarkets: Downtown (established), Pearl District (trophy), Lloyd District (prime).

TL;DR

• South Waterfront sits at prime tier.
• Average rent $38/sqft/yr vs city average 32.
• Compared submarkets: Downtown (established), Pearl District (trophy), Lloyd District (prime).

Side-by-side with peers

**Downtown** (established, $32/sqft/yr) — Repricing legacy CBD. **Pearl District** (trophy, $42/sqft/yr) — Creative-class trophy submarket. **Lloyd District** (prime, $30/sqft/yr) — Convention-anchored mixed-use cluster. **Beaverton / Hillsboro** (established, $28/sqft/yr) — Tech and apparel suburban corridor.

Key facts

Frequently asked questions

What other submarkets compete with South Waterfront in Portland (OR)?

Downtown, Pearl District, Lloyd District

Related

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