Portland's retail leasing has experienced a noticeable decline in activity during the third quarter of 2025, as evidenced by new lease data that excludes renewal deals. Recently signed deals total just under 360,000 square feet of space, representing a 33% decrease from the pre-pandemic average.
CoStar Insight
Portland, Oregon, retail leasing volume loses steam heading into fourth quarter
Tenants slow expansions, but market remains balanced
By John Gillem
CoStar AnalyticsDecember 1, 2025 | 6:32 P.M.
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