Listing Agency: CBRE | Portland k***@cbre.com Show Phone

Listed By: Kevin Kaufman Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Jul 30 at 3:51AM

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Investment Insights

Based on property information with market context.

This office space, encompassing 20,000 square feet, is well-located with direct access to the MAX Light Rail and TriMet Bus Mall. The property also features enclosed and secure parking.

Key Highlights

• Direct access to MAX Light Rail
• Well located
• Access to TriMet Bus Mall

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Veterinary Clinic Nursing Home Tanning Salon (Bike/Boat/Book/etc) Store Buffet Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

9,062

Businesses Nearby

Explore this area Business Placement

Demographics for 97209, OR

22,755

Population

16,437

Households

1.4

Avg Household Size

38

Median Age

66%

College-Educated

96%

High-School Grad

1.0 sq mi

ZIP Area

22,755

Density / Sq Mi

$84,059

Median Household Income

$68,731

Median Earnings

$1,669

Median Rent

$573,700

Median Home Value

Market

Lease Benchmarks for Portland, OR

$19.5 /SF/Yr

Avg Asking Price

$0.6–$40.6 /SF/Yr

Price Range

25,476 SF

Avg Space Size

Vacancy Rate% for Office in Portland, OR

10.1% 2019

12.3% 2020

16.1% 2021

18.5% 2022

20.8% 2023

21.7% 2024

24.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Office units - Office space with direct access to MAX Light Rail.

Where is this office units located?

The property is located at 388 Northwest 5th Avenue Portland, OR.

What are key features of this property?

This property features: Direct access to MAX Light Rail; Well located; Access to TriMet Bus Mall