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Professional Office Space Available
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5440 Southwest Westgate Drive, Portland, OR 97221

Three-story office building with medical, dental, and professional services.

Space SizeContact for details
Days on Market263

Property Features for 5440 Southwest Westgate Drive

General Information

Standard status Active
Property subtype Healthcare
Listing Agency: CBRE | Portland
Listed By: Vickie Maletteri
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Jul 16 at 1:49AM

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 CBRE | Portland

Investment Insights

Based on property information with market context.

The Highlands Building is a three-story office building offering 48,500 square feet of space. It features two elevators and a large parking area providing free parking for both tenants and visitors. The building primarily houses medical, dental, and professional service tenants. Located at the Sylvan exit on Highway 26, the building's common areas were fully updated in 2022. Recent available lease spaces include existing built-out suites and one unfinished suite that can be customized to meet a tenant's specific requirements. The property is situated in the Sylvan/Hillsdale submarket.

Key Highlights

  • Convenient location at the Sylvan exit on Highway 26.
  • Recently updated common areas (2022).
  • Free parking for tenants and visitors.

Property Analytics

Current Use

Dr. Joseph Schwartz, ... Dental Office Chris J. Lampert, ... Dental Office Portland Endodontic Group Dental Office Norman Matschek PC Dental Office Alfonso Insurance Agency: ... Insurance Agency

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Hair Salon Big Box & Wholesale Store Auto Parts 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

502
Businesses Nearby
Under-served
Demand for This Use

Demographics for 97221, OR

12,821
Population
5,593
Households
2.3
Avg Household Size
43
Median Age
78%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
2,914
Density / Sq Mi
$146,017
Median Household Income
$77,610
Median Earnings
$1,658
Median Rent
$789,700
Median Home Value

Market

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?
Medical Office Space - Three-story office building with medical, dental, and professional services.
Where is this medical office space located?
The property is located at 5440 Southwest Westgate Drive Portland, OR.
What are key features of this property?
This property features: Convenient location at the Sylvan exit on Highway 26.; Recently updated common areas (2022).; Free parking for tenants and visitors.
More about this property
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