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Peterkort Station Office Space Available
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SW Barnes Road & Sunset Transit Center, Portland, OR 97225

Proposed office building with exposed wood construction and ample parking.

Property Size100,000 SF
Days on Market185

Property Features for SW Barnes Road & Sunset Transit Center

General Information

Standard status Active
Size 100,000 SF
Property subtype Office
Listing Agency:
Listed By: Jeff Falconer, SIOR
Source: Corfac
Added: Jan 26 Changed: Jul 10 Last Checked: Jul 30 at 3:58AM

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 Jeff Falconer, SIOR

Investment Insights

Based on property information with market context.

A proposed office building at Peterkort Station offers between 100,000 and 172,000 square feet of space. The building features exposed wood construction (CLT), a two-story atrium in the lobby and on every other floor, and operable windows. A raised floor plenum enhances efficiency, comfort, and aesthetics. The property includes a large event roof deck and ample covered parking, with a parking ratio of 3.1/1000. It is designed to meet LEED building standards and is available as a built-to-suit option. Situated at the interchange of Highway 26 and Highway 217, Peterkort Station is planned to offer growth opportunities for tenants up to 1,000,000 square feet and is surrounded by retail, hotels, housing, parking, and light rail.

Key Highlights

  • Highway 26 and 217 interchange location with access to retail, hotels, housing, parking and light rail.
  • Up to 172,000 SF available in a proposed building within a larger development.
  • Exposed Wood Construction (CLT) with a 2‑story Atrium on multiple floors.**

Property Analytics

Current Use

Office buildings

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,619
Businesses Nearby

Demographics for 97225, OR

26,247
Population
12,219
Households
2.1
Avg Household Size
41
Median Age
62%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
3,917
Density / Sq Mi
$111,341
Median Household Income
$60,933
Median Earnings
$1,703
Median Rent
$709,500
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 - Proposed office building with exposed wood construction and ample parking.
Where is this office building located?
The property is located at SW Barnes Road & Sunset Transit Center Portland, OR.
What are key features of this property?
This property features: Highway 26 and 217 interchange location with access to retail, hotels, housing, parking and light rail.; Up to 172,000 SF available in a proposed building within a larger development.; Exposed Wood Construction (CLT) with a 2‑story Atrium on multiple floors.**
More about this property
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