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Oregon Square Office Development
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729 NE Oregon St, Portland, OR 97232

Proposed office buildings in a sustainable eco-district with parking.

Space SizeContact for details
Property Size178,094 SF
Days on Market1590

Property Features for 729 NE Oregon St

General Information

Standard status Active
Size 178,094 SF
Class A
Property subtype Office

Building Details

Building Size 178,094 SF
Year Built 2022
Tenancy Multiple

Spaces For Lease

at 729 NE Oregon St Contact us

2nd Floor

Type
Office
Availability
Active
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3rd Floor

Type
Office
Availability
Active
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4th Floor

Type
Office
Availability
Active
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5th Floor

Type
Office
Availability
Active
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Ground Floor

Type
Office
Availability
Active
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Listing Agency: Capacity Commercial Group
Listed By: Jeff Falconer · License #OR
Source: Crexi
Added: Apr 19, 2022 Changed: Aug 23 Last Checked: Aug 24 at 10:18PM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

The proposed Oregon Square Office Development is part of a larger eco-district focused on sustainability, centered with district solutions around energy, water, waste, and transportation. This development is the second phase of the Hassalo on Eighth development. While two existing buildings on Oregon Square have been or are being renovated, the plan is for the two south blocks to be developed as office buildings. The proposed East Building will be six levels, and the proposed West Building will be five levels; additional floors can be added to both buildings if needed. The buildings sit atop a continuous underground parking facility that spans beneath both blocks and can take advantage of the available parking in the Hassalo on Eighth Development to the north. The floor plates being proposed are large with 11-foot high finished ceilings and glass line. The concrete structural system provides long span support reducing columns. The combination of large floor plates and the high floor-to-floor height allows deep daylighting solutions while also allowing greater space planning flexibility. Future stair connections can be provided through proposed block-outs to allow both spatial and physical connectivity between floors. Accommodations are made to both float ceiling clouds and provide mechanical and fire protection distribution within the bays of the one-way structural frame. The top level of the East Block is set back to provide a continuously elevated terrace. Other floors are provided with outdoor space as well. Both buildings propose a roof deck amenity. This development would expand on the LEED Platinum Neighborhood Development and continue to leverage the surrounding retail, housing, and the multi-modal transportation opportunities already on site. Construction is underway for the new Earl Blumenauer Bridge which will provide bike and pedestrian crossing over Sullivan’s Gulch.

Key Highlights

  • Part of a larger eco‑district focused on sustainability with district solutions around energy, water, waste, and transportation.
  • Large floor plates with 11‑foot high finished ceilings and extensive glass line**, promoting deep daylighting and space planning flexibility.
  • Access to shared parking with the Hassalo on Eighth development, offering 1,200 stalls.

Property Analytics

Current Use

Neighborhood Health Survey Land Surveyor Living Better Social Service Agency Synergy Consulting Inc (Bike/Boat/Book/etc) Store The Beaver State Mold ... Environmental Consultant Covid Clinic Medical Clinic

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Tanning Salon Mobile Phone Store Adult Day Care Pet Grooming Service

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

4,798
Businesses Nearby

Demographics for 97232, OR

15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value

Market

Lease Benchmarks for Portland, OR

$33.03 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,702 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 buildings in a sustainable eco-district with parking.
Where is this office building located?
The property is located at 729 NE Oregon St Portland, OR.
What are key features of this property?
This property features: Part of a larger eco‑district focused on sustainability with district solutions around energy, water, waste, and transportation.; Large floor plates with 11‑foot high finished ceilings and extensive glass line**, promoting deep daylighting and space planning flexibility.; Access to shared parking with the Hassalo on Eighth development, offering 1,200 stalls.
More about this property
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