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

Listed By: Kevin Kaufman Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 14 Last Checked: Aug 24 at 8:47AM

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Investment Insights

Based on property information with market context.

This office building, located in the CBD, features 275,000 rentable building area across 19 floors. The property offers 9,222 square feet of space.

Key Highlights

• 275,000 RBA
• 19 Floors
• Located in the CBD

Property Analytics

Property Profile

Current Use

Portland General Electric ... Electric Utility Company Pride Public Insurance ... Law Firm Brindle McCormack & Williams, ... Law Firm InventHelp Portland Law Firm Banner & Witcoff Law Firm

Suggested Use

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

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

11,353

Businesses Nearby

Explore this area Business Placement

Demographics for 97204, OR

1,001

Population

441

Households

2.3

Avg Household Size

40

Median Age

14%

College-Educated

90%

High-School Grad

0.2 sq mi

ZIP Area

5,005

Density / Sq Mi

$16,875

Median Earnings

$783

Median Rent

Market

Lease Benchmarks for Portland, OR

$33.03 /SF/Yr

Avg Asking Price

$12–$180 /SF/Yr

Price Range

26,702 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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What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office building with 275,000 RBA in downtown Portland.

Where is this office building located?

The property is located at 121 Southwest Salmon Street Portland, OR.

What are key features of this property?

This property features: 275,000 RBA; 19 Floors; Located in the CBD