Portland, OR Commercial Real Estate Market Trends & Data

What Are Current Commercial Real Estate Benchmarks in Portland?

Portland commercial properties are averaging $269 per square foot to buy and $154 per square foot to lease, with cap rates near 6.32% across asset types. The data below covers sale prices, lease rates, cap rates, and building sizes by property type to support early-stage market evaluation.

Explore Commercial Properties in Portland

Browse properties currently for sale or lease to see how local market pricing and building sizes translate into real opportunities.

Commercial Property For Sale in Portland

Commercial Property For Rent in Portland

Portland's Demographic Profile

Portland has 273,591 households and a median income of $83,502, providing context for rent absorption and tenant demand across retail and multifamily assets. A -2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metrics	Value
Population	631,775
# Households	273,591
Median age	40
Median household income	$83,502
Avg household size	2
Renter-occupied housing units	141,301
5-year population change	-2%

Commercial Real Estate Market Snapshot in Portland

Use the benchmarks below to set initial underwriting baselines for Portland, typical deal size, entry costs, and cap rate ranges by asset type before evaluating individual listings.

Key Market Metrics	Value
Avg asking sale price	$269 per SF
Avg asking lease rate	$154 per SF
Avg unit size for lease	8,283 SF
Avg building size for sale	19,236 SF
Average cap rate	6.32%

The 6.32% average cap rate reflects current return expectations relative to Portland pricing and deal scale. Use this alongside asking prices and lease rates to establish initial underwriting assumptions.

Commercial Properties For Sale In Portland

The listings below reflect how current market pricing and building scale translate into active opportunities available today.

For Sale

2816 NE Halsey St

Portland, OR 97232

3,020 SF Retail Building
7.00% Cap Rate
$1,240,000

For Sale

Wellesley Court & Annex Apartments

Portland, OR

$8,675,000

For Sale

2010 SE Sherman St

Portland, OR 97214

6,168 SF Multifamily
5.18% Cap Rate
$1,795,000

For Sale

Gemini Bar and Grill

Lake Oswego, OR 97034

7,500 SF Retail Building
8.11% Cap Rate
$2,950,000

For Sale

2237-2249 NW Raleigh St

Portland, OR 97210

10,300 SF Industrial Building
6.50% Cap Rate
$2,870,000

For Sale

436 NE Stafford St

Portland, OR 97211

9,081 SF Multifamily
5.72% Cap Rate
$2,750,000

For Sale

SE Steele Street Multifamily Development Land

Portland, OR 97236

2.04 AC Lot
1 Residential Income Lot
$799,000

For Sale

Medina

Portland, OR 97239

27,465 SF Multifamily
5.44% Cap Rate
$4,750,000

Commercial Market Metrics by Property Type

Office Building Market Metrics Near Portland

Office market metrics highlight how pricing, typical deal size, and return expectations vary across submarkets, helping investors compare entry costs and yield potential efficiently.

Nearby Office Markets	Avg Cost/SF	Typical Size	Cap Max
Portland	$249	18,564 SF	8.19%
Vancouver	$288	31,201 SF	9.75%
Lake Oswego	$380	23,748 SF	6.75%
Tigard	$296	30,000 SF	6.09%

Industrial Property Market Metrics Near Portland

Industrial market data shows how cost per square foot and typical building size differ by submarket, supporting comparisons around deal scale and pricing alignment.

Nearby Industrial Markets	Avg Cost/SF	Typical Size	Cap Max
Portland	$218	23,868 SF	12.91%
Gresham	$303	15,015 SF	6.27%

Retail Property Market Metrics Near Portland

Retail pricing varies widely across nearby markets, making this comparison useful for identifying where cost per square foot and deal size diverge most.

Nearby Retail Markets	Avg Cost/SF	Typical Size
Portland	$326	10,897 SF
Vancouver	$365	11,249 SF
Beaverton	$839	11,315 SF
Gresham	$404	10,762 SF
Hillsboro	$683	6,971 SF

Multifamily Property Market Metrics Near Portland

Multifamily metrics show how pricing and building size relate to observed cap rate ranges, helping investors evaluate income potential relative to entry cost.

Nearby Multifamily Markets	Avg Cost/SF	Typical Size	Cap Max
Portland	$255	23,959 SF	7.37%
Vancouver	$333	53,601 SF	7.03%
Gresham	$175	30,420 SF	7.00%

How Investors Evaluate Commercial Real Estate Markets in Portland

Use these tools to move from market-level signals to deal-level math. Each calculator helps translate Portland pricing, rents, and building size into concrete metrics like value, income, and space requirements, so you can validate assumptions before spending time on individual listings.

Commercial Property Valuation

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What Is a Cap Rate?

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Net Operating Income (NOI) Calculator

Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment

Internal Rate of Return (IRR) Calculator

Use this calculator to measure annualized returns, compare investment scenarios, and evaluate risk across commercial real estate deals.

Cash on Cash Return

Learn How Cash on Cash Return Can Optimize Your Real Estate Investments

Debt Service Coverage Ratio (DSCR) Calculator

Assess Your Investment's Health in Seconds

Gross Rent Multiplier (GRM) Calculator & Investment Guide

Simplifying Your Investment Analysis

Land Loan Calculator

Use this calculator to estimate monthly payments, interest, and total financing costs for raw, unimproved, or improved land purchases.

Balloon Payment Calculator

Use this calculator to estimate monthly payments, total interest, and the final lump-sum balloon payment for commercial real estate loans.

Office Space Calculator

Estimate How Much Space Your Team Really Needs

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Portland pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets	Avg Cost/SF	Average Size
Portland	$270	19,268 SF
Vancouver	$311	36,445 SF
Milwaukie	$222	29,409 SF
Brush Prairie	$408	122,822 SF
Ridgefield	$283	4,260 SF

Multifamily For Sale In Portland

Multifamily listings shown here connect market pricing and cap rate patterns with income-producing opportunities currently available.

For Sale

Wellesley Court & Annex Apartments

Portland, OR

$8,675,000

For Sale

Tabor Commons

Portland, OR 97215

41,942 SF Multifamily
5.73% Cap Rate
$14,250,000

For Sale

Lincoln Woods Apartments

Portland, OR 97233

123,172 SF Multifamily
$2,300,000

For Sale

107th Apartments

Portland, OR 97220

13,842 SF Multifamily
5.38% Cap Rate
$3,225,000

For Sale

Hunter's Ridge Properties at Yamhill

Portland, OR 97205

10,545 SF Multifamily
5.90% Cap Rate
$2,100,000

For Sale

Irvington Place

Portland, OR 97232

15,755 SF Multifamily
6.35% Cap Rate
$6,640,000

For Sale

Topanga Apartments

Portland, OR 97210

20,716 SF Multifamily
6.99% Cap Rate
$3,680,000

For Sale

The Aspen Apartments

Portland, OR 97210

16,000 SF Multifamily
5.00% Cap Rate
$3,700,000

Regional Demographic Comparison

This comparison places Portland alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Portland or distributed across surrounding areas.

City	Population	# Households	Age	MedianHouseholdIncome	AvgHouseholdSize	RenterOccupiedHousingUnits	FiveYrPopGrowthPct
Portland	631,775	273,591	40	$83,502	2	141,301	-2%
Vancouver	195,545	80,101	39	$71,366	2	41,951	7%
Milwaukie	20,935	8,995	43	$79,312	2	3,760	2%
Brush Prairie	3,004	1,032	44	$117,622	3	159	9%
Ridgefield	15,299	5,126	39	$100,889	3	1,025	12%

FAQs About Commercial Investing in Portland

View All Commercial Real Estate For Sale in Portland

Is Portland a good market for a first-time commercial real estate investor?

Portland offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Portland?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Portland. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Portland?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Portland. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Portland compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Portland. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Portland acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Portland, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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