Calculate cap rates and net operating income for commercial properties in Oregon. Compare your results against Oregon's primary market benchmarks sourced from CBRE H2 2025.
Portland is a significant primary market with strong tech sector ties to Silicon Valley (Nike, Intel, Adidas US HQ, Amazon and Google offices). Oregon has no state sales tax, creating retail destination traffic. Portland's office market has faced significant challenges post-pandemic related to social/safety concerns, driving office cap rates wider than multifamily and industrial. Bend has emerged as a premier lifestyle market.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 4.5% | 6.0% |
| Industrial | 5.0% | 6.5% |
| Retail | 5.0% | 7.0% |
| Office | 6.0% | 8.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Oregon cap rates range from 4.5–6.0% for multifamily, 5.0–6.5% for industrial, 5.0–7.0% for retail, and 6.0–8.5% for office. Portland has the most competitive rates, while Bend and Eugene trade at moderate secondary market levels.
Portland's CBD office market has experienced significant post-pandemic challenges including elevated street-level vacancy, safety concerns in certain neighborhoods, and corporate downsizing. This has pushed Class B/C office cap rates materially wider than other property types. However, Class A office and suburban Portland markets have shown more resilience.
Oregon's industrial market benefits from Intel's major manufacturing presence in Hillsboro (Washington County), Nike and Columbia Sportswear distribution, Port of Portland activity, and proximity to I-5 and I-84 transcontinental corridors. The semiconductor supply chain (supporting Intel) and consumer goods distribution are key demand drivers.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.