NEWS
Portland commercial real estate updates from Matt Lyman—clear, data-driven takes on the market across industrial, office, retail, and flex. Posts cover submarket shifts, rent and pricing trends, vacancy and absorption, new deliveries and lease-up momentum, availability highlights, capital markets and buyer sentiment, and notable transactions when relevant. You’ll also find practical guidance on renewals, relocations, lease negotiations, and value drivers that matter to owners, tenants, and investors—written to help you make better decisions and move faster in a changing market.
Office-to-Residential Conversion in Portland: What It Means for Commercial Real Estate
Portland is pushing to convert vacant office buildings into housing. Here is what building owners, investors, and tenants need to know about feasibility, costs, and the programs funding it.
Pearl District Portland Commercial Real Estate: A Guide for Tenants and Investors
Guide to Pearl District Portland commercial real estate. Office, retail, and investment market data, lease rates, tenant profiles, and submarket comparisons for 2026.
217 Corridor Commercial Real Estate: Beaverton, Tigard, and Tualatin Guide
Guide to 217 Corridor commercial real estate in Beaverton, Tigard, and Tualatin. Flex, industrial, office, and retail market data, vacancy rates, and lease rates for 2026.
Lease vs. Buy Commercial Real Estate in Portland
Should you lease or buy commercial real estate in Portland? This data-driven analysis compares leasing costs against conventional and SBA 504 purchase financing over 10 years — with real numbers.
Downtown Portland Office Market 2026: What Tenants and Landlords Need to Know
Downtown Portland’s office vacancy hit 34% in 2026 — but new leasing signals are emerging. Data, trends, and strategies for tenants and landlords in the CBD.
New Lease at Whipple Creek Business Park: USA Restoration Takes 3,177 SF in Vancouver, WA
Matt Lyman of Norris & Stevens represented both landlord and tenant in a 39-month industrial lease at Whipple Creek Business Park in Vancouver, WA.
NNN Leases in Portland: What Tenants and Investors Need to Know
What is a NNN lease and what does it actually cost in Portland? A practical guide to triple net leases, how to read NNN listings, and what tenants and investors need to watch for.
Portland Industrial Market 2026: What Tenants and Investors Need to Know
Portland industrial market 2026 — vacancy rates, lease rates, net absorption, construction pipeline, and what tenants and investors should expect this year.
Central Eastside Portland Commercial Real Estate: A Guide for Tenants and Investors
Central Eastside Portland commercial real estate guide — lease rates, vacancy, zoning, property types, and what tenants and investors need to know in 2026.
How to Find Commercial Space for Lease in Portland
A step-by-step guide to finding commercial space in Portland — from defining requirements to signing a lease. Office, industrial, retail, and flex.
Portland Commercial Real Estate Investment Outlook: Capital Is Flowing Again in 2026
After two years on the sidelines, capital is flowing back into Portland commercial real estate. Here’s what the 2026 investment landscape looks like for buyers, sellers, and tenants.
How to Market Vacant Commercial Space in Portland
Portland’s commercial vacancy rates are at historic highs. Here’s what landlords need to know about marketing empty space to attract tenants in 2026.
Portland’s Flex and R&D Space Market Is Heating Up. Here’s What’s Driving It.
Semiconductor investment, CHIPS Act funding, and state policy changes are reshaping demand for flex and R&D space in Portland’s Sunset Corridor. Here’s what tenants, landlords, and investors need to know.
Oregon JOBS Act: What 373 Acres of New Industrial Land Near Hillsboro Means for Portland’s Commercial Real Estate Market
Oregon lawmakers are pushing to add 373 acres of build-ready industrial land near Hillsboro for semiconductor and advanced manufacturing. Here’s what the Oregon JOBS Act means for Portland’s commercial real estate market.
Portland’s Largest Office Buildings Have Lost $2 Billion in Value. Here’s What It Means.
Portland’s 20 largest office buildings have lost nearly 70% of their combined market value since 2019. Here’s what the $2 billion decline means for tenants, landlords, and investors — and why the current market may represent both the biggest risk and the biggest opportunity in a generation.
How Portland Landlords Should Position Vacant Office Space in 2026
Portland’s office vacancy rate hit record highs heading into 2026. Here’s what landlords need to change about their leasing strategy — from concession packages to spec suites — to compete for the tenants who are actively looking.
How Interest Rates, Tariffs, and Job Losses Are Shaping Portland's Commercial Real Estate Market in 2026
Rising interest rates, tariffs on construction materials, and Portland’s lagging job market are reshaping commercial real estate decisions in 2026. Here’s what tenants, landlords, and investors need to know.
Lloyd Center Redevelopment: What 7 Million Square Feet of Mixed-Use Means for Portland’s Lloyd District
Lloyd Center’s 29.3-acre site will become up to 7 million square feet of mixed-use development. Here’s what the master plan means for tenants, landlords, and investors in Portland’s Lloyd District.
Five Oak Building Sold: What $125 Million in Downtown Portland Investment Signals for the Market
Jeff Swickard’s purchase of the Five Oak Building brings his downtown Portland investments to $125 million in under a year. Here’s what this deal signals for tenants, landlords, and investors.
How to Negotiate a Commercial Lease Renewal in Portland
How to negotiate a commercial lease renewal in Portland — the key terms to push on, five common mistakes tenants make, and a step-by-step timeline for getting better renewal terms. A practical guide from Matt Lyman at Norris & Stevens.
WHAT’S YOUR PROPERTY WORTH?
Whether you're benchmarking against recent warehouse and distribution sales, evaluating a hold-vs-sell decision, or preparing for a refinance conversation, a broker opinion of value gives you a clear, comp-based pricing range for your Airport Way or Columbia Corridor industrial property. I'll deliver a 50–80+ page report covering comparable sales, lease comps, vacancy analytics, and a pricing summary with conservative, probable, and optimistic values — at no cost and no obligation.
ARE YOU PAYING THE RIGHT LEASE RATE?
Whether you're negotiating a new warehouse lease, approaching a renewal in the Columbia Corridor, or evaluating whether your current rate reflects today's market, a lease rate analysis gives you the data to negotiate from a position of strength. I'll pull recent lease comps, concession packages, and vacancy trends for Airport Way and Columbia Corridor industrial space — so you know exactly what tenants like you are paying and where there's room to negotiate.
GET IN TOUCH
Contact Matt Lyman at Norris & Stevens about any Portland commercial real estate need—leasing, renewals, relocations, site selection, lease-up strategy, tenant/landlord representation, acquisitions, dispositions, or a quick market opinion.
Share your property type, size, location/submarket, timing, and what decision you’re trying to make, and Matt will follow up with clear next steps and relevant market context.
Coverage includes industrial, office, retail, and flex across the Portland metro—217 Corridor (Beaverton/Tigard/Tualatin), Central Eastside, Airport Way/Columbia Corridor, Clackamas, and Vancouver, WA.