Pearl District Commercial Office Space for Rent
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Renting Commercial Office Space in Pearl District
The Pearl remains Portland’s "Trophy" urban submarket, but it is currently pivoting toward high-end residential stability. While the office-to-residential conversion trend is a national headline, the Pearl is leading with "experience-anchored" retail and luxury condos that maintain strong demand despite wider urban challenges (Source: Chase / J.P. Morgan Insights). Slabtown, the Pearl’s northern extension, has emerged as the city’s most successful "suburban-urban" infill experiment. 2026 is the year of "Retail Resilience." As the Broadway Corridor project moves into its next phase of infrastructure, the Pearl is expected to see a surge in "experiential" commercial leasing—boutique fitness, wellness centers, and high-concept dining—designed to serve the growing residential population (Source: NAIOP 2025-2026 Review).
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Suite Rates in Pearl District
Suite Sizes in Pearl District
Neighborhood Comparison
| Neighborhood | Average Available SQFT | Average Rate / SQFT PER Month | NUMBER OF AVAILABLE SUITES |
|---|---|---|---|
| Beaverton | 1,300 | $1.60 / SF | 122 |
| Bradley Corner | 1,100 | $1.76 / SF | 38 |
| Buckman Neighborhood | 1,400 | $1.89 / SF | 199 |
| Downtown Portland | 2,400 | $2.44 / SF | 182 |
| Gresham | 1,700 | $2.18 / SF | < 30 |
| Happy Valley | 1,800 | $2.37 / SF | < 30 |
| Hawthorne | 1,000 | $2.51 / SF | < 30 |
| Hillsboro | 3,400 | $1.81 / SF | < 30 |
| Milwaukie | 1,000 | $1.69 / SF | 31 |
| Northwest District | 900 | $1.82 / SF | 30 |
| Oregon City | 2,000 | $2.39 / SF | 42 |
| Pearl District | 4,000 | $2.63 / SF | 30 |
| Portland International Airport | 3,400 | $1.57 / SF | 119 |
| Progess | 1,100 | $1.76 / SF | 38 |
| Sunnyside | 1,800 | $2.43 / SF | 78 |
| Tigard | 2,800 | $1.77 / SF | 89 |
*All data is from sources we deem reliable and is tracked to provide tenants an understanding of market and submarket conditions, however we cannot guarantee accuracy and all data should be confirmed prior to any use in the lease or purchase of real property.