Listing Agency: CBRE - Portland

Listed By: Vickie Maletteri · License #201232680 Show Phone

Source: Cbre

Added: May 18 Changed: Sep 8 Last Checked: Sep 10 at 5:45AM

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Investment Insights

Based on property information with market context.

Office spaces are available for rent at a property located at 5440 SW Westgate Drive, Portland, OR 97221. The property is suitable for commercial real estate purposes.

Key Highlights

• Office spaces available for rent.
• Located in Portland, Oregon.
• Building constructed in 1986.

Property Analytics

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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

Explore this area Business Placement

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

Lease Benchmarks for Portland, OR

$22.59 /SF/Yr

Avg Asking Price

$1.71–$40.6 /SF/Yr

Price Range

11,123 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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What type of property is this? Where is this office units 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 units - Office spaces available for rent in Portland, Oregon.

Where is this office units located?

The property is located at 5440 Southwest Westgate Drive Portland, OR.

What are key features of this property?

This property features: Office spaces available for rent.; Located in Portland, Oregon.; Building constructed in 1986.