Portland Office MarketBeat Q4 2025
Portland's office market in Q4 2025 experienced elevated vacancy at 24.3% and negative net absorption of 1.6 million square feet year-to-date, driven by tenant downsizing and limited backfill, while asking rents held steady at $33.57 per square foot as landlords used increased concessions and tenant improvement allowances to compete amid declining employment and reduced hiring. Class A properties with modern amenities and sustainability features commanded stronger pricing, while older commodity office space faced greater competitive pressure, with leasing activity concentrated in newer buildings and suburban submarkets rather than the CBD and central core.
Published by Cushman & Wakefield. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Cushman & Wakefield
- Obtained from
- Unknown: source not established
- Published
- Dec 31, 2025
- Last updated
- Jun 28, 2026 (1 month ago)
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