Portland has approximately 50 million square feet of commercial space, driven by tech, footwear/apparel (Nike, Adidas), and healthcare. The Pearl District and Lloyd District are key office submarkets. Oregon has progressive tenant-friendly commercial lease laws compared to most states.
By Angel Campa, Founder · Updated March 2026
Commercial Space
50M sq ft
Avg Office Rent
$28–$42/sq ft
Vacancy Rate
26%
Avg Lease Term
3–7 years
Portland CBD office leases are FSG. Suburban office and industrial use Modified Gross or NNN. The Pearl District retail commands NNN. Elevated vacancy has driven generous concession packages.
Oregon Landlord–Tenant Guide
State-specific commercial lease laws, notice periods, and tenant rights for Oregon →
Portland's elevated office vacancy has given tenants leverage to negotiate extended free-rent periods, above-market TI, and favorable sublease rights. Abstracting these concessions accurately is essential for FASB ASC 842 compliance.
The specific lease data fields required for accurate Juniper Square fund reporting, investor distributions, and portfolio analytics.
How commercial real estate attorneys use lease abstraction to deliver faster client work, identify risks, and reduce time spent on data extraction.
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