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

Three-level office building with an open circular workspace and central atrium, designed with natural light and efficient HVAC.

Property Size17,866 SF
Days on Market77

Property Features for 120 SE Clay St

General Information

Standard status Active
Size 17,866 SF
Property subtype OFFICE
Listing Agency: JLL | Portland
Listed By: Jake Lancaster · License #B.200308044
Source: Moodyscre
Added: May 18 Changed: Jul 28 Last Checked: Aug 2 at 2:09PM

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 JLL | Portland

Investment Insights

Based on property information with market context.

Discover Skylight, a three-level office building at 120 SE Clay St in Portland, OR. The layout features an open circular workspace centered around a central atrium, with an emphasis on natural light throughout the space.

The building incorporates an eco-friendly cross laminated timber design and includes a highly efficient HVAC system. Interior areas are described as art-filled spaces, designed to support a collaborative work environment.

Restroom facilities are designed to serve all genders, and the overall concept is built around creating an inclusive, workplace-focused setting centered on the atrium and open layout.

Key Highlights

  • Three‑level office building featuring an open circular workspace layout
  • Central atrium centerpiece
  • Designed for natural light throughout the building

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 with an open circular workspace and central atrium, designed with natural light and efficient HVAC.
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 featuring an open circular workspace layout; Central atrium centerpiece; Designed for natural light throughout the building
(503) 972-8612 Call to check price and availability
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