Hillsboro has a healthy commercial real estate market. Companies looking for existing property to lease will find a number of suitable options, as well as competitive lease rates that are among the lowest of major metropolitan areas on the West Coast.
City
Office
Industrial
Flex
Source: CoStar; market asking rent per SF per YTD 2025
Hillsboro, OR
$30.71
$14.52
$17.06
Los Angeles, CA
$42.20
$17.59
$24.73
Portland, OR
$30.00
$11.92
$16.98
San Diego, CA
$40.19
$22.43
$32.19
San Francisco, CA
$51.43
$28.55
$38.38
Seattle, WA
$37.26
$14.23
$22.12
Overall Construction Cost Index
Source: Mortenson Construction Cost Index Q2, 2025.
Select Metro Areas
Index
Seattle, WA
207.9
Phoenix, AZ
200.5
Portland, OR
195.8
National
195.4
Chicago, IL
195.2
Denver, CO
194.7
Overall Construction Cost Index Q2 2025
City
2025
2024
2023
2022
2021
Seattle, WA
207.9
197.9
192.8
187.8
179
Phoenix, AZ
200.5
192.8
189.8
181.9
166.9
Portland, OR
195.8
190.5
187.9
187.7
176.7
National
195.4
186.1
182.5
178.6
167.4
Chicago, IL
195.2
185.8
182.6
176.4
162.8
Denver, CO
194.7
181.9
182.8
182.2
169.2
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