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

Listed By: Andy Kangas Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 12:10PM

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Investment Insights

Based on property information with market context.

This industrial property offers 4,500 square feet of warehouse space. Located in Portland, Oregon, the property is suitable for warehouse and other industrial uses.

Key Highlights

• 4,500 sqft warehouse space is available for lease.
• Located in Portland, Oregon.
• Space is for lease.

Property Analytics

Property Profile

Current Use

Pigeon Toe Production Facility North of West Clothing Store Friends & Family (Bike/Boat/Book/etc) Store Studio ERG (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Parts Store Building Supply (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Butcher

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

2,939

Businesses Nearby

Explore this area Business Placement

Demographics for 97227, OR

6,058

Population

3,835

Households

1.6

Avg Household Size

35

Median Age

60%

College-Educated

93%

High-School Grad

1.4 sq mi

ZIP Area

4,327

Density / Sq Mi

$79,161

Median Household Income

$56,098

Median Earnings

$1,609

Median Rent

$595,900

Median Home Value

Market

Lease Benchmarks for Portland, OR

$13.38 /SF/Yr

Avg Asking Price

$1.71–$20.02 /SF/Yr

Price Range

33,889 SF

Avg Space Size

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019

4.1% 2020

2.5% 2021

2.1% 2022

4.2% 2023

5.5% 2024

6.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial property - 4,500 sqft warehouse space for lease in Portland, Oregon.

Where is this industrial property located?

The property is located at 424 North Tillamook Street Portland, OR.

What are key features of this property?

This property features: 4,500 sqft warehouse space is available for lease.; Located in Portland, Oregon.; Space is for lease.