Retail Business for Lease in Portland, OR
- Price: Contact for price
- Listing type: For lease
- Asset type: Retail Business
- Location: Portland, OR
- Year built: 1920
Description
Union Way - Available for lease
Market Context
This retail in Portland, OR is listed for lease. The building dates to 1920. It has been on the market for 177 days. Compare it against other retail listings for lease in Portland, OR — <a href="/search/lease/retail/oregon/portland">view the full market</a>.
As of Q1 2026, the Portland retail market showed a 10.0% vacancy rate, average asking rents near $45.00/SF/yr, rents up 16.0% year over year, and cap rates around 6.4%. Source: Consensus Q1 2026 market report.
Rising rents point to a competitive market where well-priced, well-located space leases quickly.
Retail market FAQ
- What is the typical cap rate for retail in Portland?
- About 6.4% as of Q1 2026, per Consensus.
- Is the Portland retail market tightening or softening?
- Vacancy is around 10.0%, with asking rents rising year over year (Q1 2026).
Explore this market
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