For Sublease | 24,346 SF at 38 Davis — Lease in Portland, OR

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Office
  • Location: Portland, OR 97209

Description

Office | For Sublease: 24,346 SF Sublease of 24,346 SF at the 38 Davis building through 9/30/31. Key Facts Chris Johnson Executive Vice President Portland License #: 850100061 +1 503 542 5884 Call Now +1 503 542 5884 +1 503 349 8131 Call Mobile +1 503 349 8131 License #: 850100061 For Sublease More details For Sublease: 3,861 SF 1627 NW 14th Ave, Portland, OR 97209, USA 3,861 SF Office For Sublease: 3,861 SF 1627 NW 14th Ave, Portland, OR 97209, USA 3,861 SF Office

Market Context

This office in Portland, OR is listed for lease. It has been on the market for 176 days. Compare it against other office listings for lease in Portland, OR — view the full market.

As of Q1 2026, the Portland office market showed a 27.1% vacancy rate, average asking rents near $32.00/SF/yr, and rents up 4.8% year over year. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Office market FAQ

Is the Portland office market tightening or softening?
Vacancy is around 27.1%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$5.16/SF/mo – $6.98/SF/mo

Mid: $6.07/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

Based on comparable properties in similar markets rather than local sales.

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