Water Tower — Lease in Portland, OR

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Portland, OR 97201

Description

Market Context

This office in Portland, OR is listed for lease. It has been on the market for 2 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).

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