1010 Flanders — Lease in Portland, OR

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Portland, OR 97209

Description

Prime Pearl District Office Opportunity - Abundant natural light and operable windows - Showers, lockers, fitness room, storage lockers, & common conference room - Covered, secure parking spaces on-site - Plug & Play: Two fully furnished floors with high end creative office buildout - On-site security / on-site management

Market Context

This office in Portland, OR is listed for lease. It has been on the market for 195 days. Compare it against other office listings for lease in Portland, OR — view the full market.

As of Q1 2026, the Portland office market showed a 27.1% vacancy rate, average asking rents near $32.00/SF/yr, and rents up 4.8% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

Is the Portland office market tightening or softening?
Vacancy is around 27.1%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$5.16/SF/mo – $6.98/SF/mo

Mid: $6.07/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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