Office for Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Portland, OR 97214

Description

One of the first large-scale mass-timber buildings in Portland, Nova at the Electric Blocks has always been ahead of the curve. Built to incorporate the graffiti covered remnants of the old burned-down Taylor Electric warehouse, this modern building is filled with light, art, and inspired businesses working to change the world, and the neighborhood, for the better. Nova was the tallest heavy timber building in town, right up until everyone else realized how awesome heavy timber buildings are. We’re happy to lead when it leads to more sustainable, ethical buildings.

Market Context

This office in Portland, OR is listed for sale. It has been on the market for 67 days. Compare it against other office listings for sale in Portland, OR — <a href="/search/sale/office/oregon/portland">view the full market</a>.

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: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade 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).

Unified Estimate

Medium Confidence

$38.35/SF – $40.60/SF

Mid: $38.35/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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