Portland’s office market closed 2025 with rising vacancy and negative absorption, creating continued leverage for tenants and new challenges for landlords. With asking rents flat, limited new construction, and elevated Class A vacancy, both owners and occupiers must focus on concessions, renewal timing, and total occupancy cost. Here’s what the latest Portland office data means for lease strategy, renewals, and positioning in 2026.

1644 E Burnside offers a rare Central Eastside owner-user or investment opportunity with ±6,524 SF of modern creative space, secured on-site parking, and flexible CM2 zoning. Delivered vacant and positioned along a high-visibility Burnside corridor, this Portland commercial property is ideal for creative office, retail, studio, or flex users seeking immediate access to I-84, I-5, and downtown.

Portland’s industrial market closed Q4 2025 with rising vacancy, negative absorption, and flat rents, signaling a period of adjustment for owners and occupiers. With new construction slowing and more space available, both landlords and tenants must focus on positioning, concessions, and renewal timing. Here’s what the latest Portland industrial market data means for leasing strategy and opportunities heading into 2026.

Our team represented the tenant in a federal lease for the U.S. Army Corps of Engineers, navigating GSA requirements, compliance standards, and tight timelines. With clear delivery conditions, defined options, and competitive economics, the project highlights best practices for government and institutional lease negotiations focused on cost control, flexibility, and operational continuity.