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Portland Skyline Review - Class A Buildings Q4 2019

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Portland’s ten largest, most expensive, and most iconic buildings performed better than the rest of the central business district, posting a total vacancy rate 1.0 percent less, at 13.8 percent, compared to 14.8 percent across the rest of the central business district. Rates have also surpassed $40 per-square-foot on a full-service gross basis. Over the year, net absorption in these buildings was never positive, although in the end it was nearly 0, with only 1,100 SF of negative net absorption. As City of Portland bureaus vacate their temporary spaces to move back into their newly renovated Portland Building, there will be even more spaces on the market. With larger, contiguous spaces in these iconic buildings that are well-connected to transit, companies with larger requirements may decide to utilize Portland’s livability, superior workforce, and lower cost of living than the other major west coast markets.


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Portland Skyline Review - Class A Buildings Q4 2019

Download Report