Portland Retail Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from CBRE US Cap Rate Surve, CBRE, Colliers
Quarterly retail market indicators for Portland, aggregated by PropZone from CBRE US Cap Rate Surve, CBRE, Colliers. As of Q1 2026, average asking rent was $45.00/SF with a 10.0% vacancy rate.
Projected current retail pricing — Portland
low confidenceProjected asking rent
$45.00–$46.70/SF/yr
Estimated sale value
$413–$540/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.4%, asking rent trend-adjusted to today). Assumes ~90% occupancy and a 65–82% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $45.00/SF | 10.0% | — | — | CBRE US Cap Rate Surve |
| Q1 2026 | $45.00/SF | — | — | — | CBRE |
| Q1 2026 | — | 10.0% | 5.0M SF | — | Colliers |
Frequently asked questions
- What is the average asking rent for retail space in Portland?
- As of Q1 2026, the average asking rent for retail space in Portland was $45.00/SF, per CBRE US Cap Rate Surve.
- What is the retail vacancy rate in Portland?
- The retail vacancy rate in Portland was 10.0% as of Q1 2026 (CBRE US Cap Rate Surve).
- Where does PropZone's Portland market data come from?
- This report aggregates quarterly retail market data for Portland from CBRE US Cap Rate Surve, CBRE, Colliers.
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