Commercial Real Estate
Affordable and Diverse Commercial Real Estate:
A Growth Advantage
The average commercial Class A office space in Greater Portland rents for $25.46 per square foot. This is half the cost of space in San Francisco and two-thirds the cost of space in Seattle.
The charts below show how Greater Portland's industrial space and Class A / Class B office space rents and availability stack up against those of similar markets.
Greater Portland's reasonable rents allow new businesses to enter the market, and the region's affordability helps ensure a dynamic, diverse mix of companies.
Contact Greater Portland to learn how to expand your business.
Industrial
| Market | Flex | Vacancy | Warehouse | Vacancy |
| Austin | $11.64 | 12.80% | $6.96 | 6.90% |
| Denver | $10.00 | 10.90% | $6.47 | 3.10% |
| Phoenix | $11.92 | 17.90% | $5.63 | 10.80% |
| Greater Portland | $11.95 | 11.60% | $5.78 | 4.40% |
| San Francisco | $26.61 | 5.30% | $12.23 | 3.10% |
| San Jose (South Bay) | $19.71 | 10.90% | $9.19 | 4.70% |
| Seattle | $14.43 | 8.10% | $6.20 | 4.50% |
Office
| Market | Class A | Vacancy | Class B | Vacancy |
| Austin | $33.40 | 10.50% | $25.75 | 8.50% |
| Denver | $29.06 | 11.20% | $20.48 | 10.80% |
| Phoenix | $25.36 | 16.40% | $20.30 | 18.40% |
| Greater Portland | $25.46 | 9.90% | $20.36 | 8.70% |
| San Francisco | $49.64 | 7.70% | $45.35 | 6.80% |
| San Jose (South Bay) | $37.72 | 9.20% | $33.10 | 10.50% |
| Seattle | $37.81 | 11.00% | $25.18 | 9.40% |
Source: CoStar National Office and Industrial Market Reports, Q1 2015