Office for Lease in Portland, OR

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Portland, OR 97204

Description

272 - 4,358 SF Available in Portland at Spalding Building Spalding is a 12-story, 95,465 SF building constructed in 1901. This building has operable windows, an updated, modern lobby with digital directory and beautiful tenant spaces with mountain and river views.

Market Context

This office in Portland, OR is listed for lease. It has been on the market for 148 days. Compare it against other office listings for lease in Portland, OR — <a href="/search/lease/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 space leases 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

Very Low Confidence

$16.17/SF/mo – $21.87/SF/mo

Mid: $19.02/SF/mo

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

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market salt-lake-city (similarity: 100%) with 17 comparable listings.

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