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Creative Office Building with Atrium
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120 SE Clay St, Portland, OR 97214

Three-level office building features a central atrium, natural light, and an open circular workspace layout.

Property Size17,866 SF
Days on Market18

Property Features for 120 SE Clay St

General Information

Standard status Active
Size 17,866 SF
Total Parking Spaces 82
Property subtype office

Amenities

rooftop terrace
showers
lockers
fitness center access
bike parking
central atrium
all-gender restrooms
art-filled spaces

Building Details

Stories 3
Construction heavy timber
Listing Agency: Portland
Listed By: Eric Turner · License #23020304
Source: Property.jll
Added: Jul 16 Changed: Jul 23 Last Checked: Aug 2 at 3:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Portland

Investment Insights

Based on property information with market context.

Discover Skylight, a distinctive three-level office building designed around an open circular workspace layout centered on a dramatic central atrium. The space is described as filled with natural light, supported by an efficient HVAC system, and includes all-gender-designed restrooms.

The building also features LEED Gold standard exposed heavy timber construction with tall ceiling heights, plus a large rooftop terrace with seating and BBQs. Additional amenities noted include showers, lockers, and access to a fitness center in the Nova Building.

On-site parking includes 82 secured spaces, along with ample bike parking.

Key Highlights

  • Three‑level office building with a central atrium and an open circular workspace layout
  • LEED Gold exposed heavy timber construction with dramatic ceiling heights and abundant natural light
  • Large rooftop terrace with seating, BBQs, and views

Property Analytics

Current Use

Laundry Service (Bike/Boat/Book/etc) Store Simple Corporate Office Crown Plaza - Lot ... Parking Lot & Garage IDL Worldwide Advertising Agency Crown Plaza Parking Lot & Garage

Suggested Use

Top Pick Pet Grooming Service Tanning Salon Veterinary Clinic Supermarket (Bike/Boat/Book/etc) Store Mobile Phone Store

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

4,825
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Lease Benchmarks for Portland, OR

$18.37 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
21,894 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
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Frequently Asked Questions

What type of property is this?
Office building - Three-level office building features a central atrium, natural light, and an open circular workspace layout.
Where is this office building located?
The property is located at 120 SE Clay St Portland, OR.
What are key features of this property?
This property features: Three‑level office building with a central atrium and an open circular workspace layout; LEED Gold exposed heavy timber construction with dramatic ceiling heights and abundant natural light; Large rooftop terrace with seating, BBQs, and views
More about this property
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