Renovated Flex Space
For Lease
Contact for pricing
226 SE Madison St, Portland, OR 97214
Renovated flex building with modern workspaces created by combining two industrial warehouses.
Property Size11,659 SF
Days on Market1285
Property Features for 226 SE Madison St
General Information
Standard status
Active
Size
11,659 SF
Property subtype
OFFICE
Lease Type
SF/yr
Additional Details
Space Use
Office
Building Details
Buildings
1
Listing Agency:
Apex Real Estate Partners
(503) 407-9011
Listed By:
Max Schlesinger
(503) 407-9011
Source:
Moodyscre
Added: Jan 25, 2023
Changed: Jul 31
Last Checked: Aug 2 at 9:40AM
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 Apex Real Estate Partners
Investment Insights
Based on property information with market context.
This renovated flex space building was created by transforming two industrial warehouses into one new building with modern workspaces throughout. The available spaces span innovative office through artist and industrial makerspace layouts, supporting a range of creative and industrial uses within the same property.
Located at 226 SE Madison St in Portland’s central eastside industrial district, the building is positioned in one of the city’s fastest changing neighborhoods as described in the property materials. The Factor Building is presented as a community-oriented environment for companies that want to collaborate in shared workspace settings.
With 11,659 square feet of property size, the building offers multiple workspace styles within a single, recently renovated structure.
Located at 226 SE Madison St in Portland’s central eastside industrial district, the building is positioned in one of the city’s fastest changing neighborhoods as described in the property materials. The Factor Building is presented as a community-oriented environment for companies that want to collaborate in shared workspace settings.
With 11,659 square feet of property size, the building offers multiple workspace styles within a single, recently renovated structure.
Key Highlights
- 11,659 square feet flex space building
- Extensive renovation: two industrial warehouses transformed into one new building
- Modern workspaces throughout
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.60 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,465
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
$68.48 /SF/Yr
Avg Asking Price
$10.2–$141 /SF/Yr
Price Range
8,339 SF
Avg Space Size
This space is priced 65% below the average of $68.48 /SF/Yr.
Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex building with modern workspaces created by combining two industrial warehouses.
Where is this flex space located?
The property is located at 226 SE Madison St Portland, OR.
What is the lease rate?
The lease rate is $24 SF/Yr.
What are key features of this property?
This property features: 11,659 square feet flex space building; Extensive renovation: two industrial warehouses transformed into one new building; Modern workspaces throughout
