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Proposed Oregon Square Office Development
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827 NE Oregon St, Portland, OR 97232

Office development focused on sustainability with district energy solutions.

Space SizeContact for details
Property Size206,497 SF
Days on Market1589

Property Features for 827 NE Oregon St

General Information

Standard status Active
Size 206,497 SF
Class A
Property subtype Office

Building Details

Building Size 206,497 SF
Year Built 2022
Tenancy Multiple

Spaces For Lease

at 827 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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6th 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 20, 2022 Changed: Aug 25 Last Checked: Aug 24 at 8:35PM

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. The Oregon Square development is a second phase of the catalytic development, Hassalo on Eighth. While two of the existing buildings on Oregon Square have or are being renovated, the plan is for the two south blocks to be developed as office buildings. The proposed east building is going to six levels and the proposed west building is going to 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. The development can take advantage of the ebb and flow of the available parking in the Hassalo on Eighth development to the north which has 1,200 stalls. 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, but also physical connectivity between floors. The concrete frame solution provides flat ceilings that are broken up with 30” deep beams. 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. The other floors are provided with outdoor space as well. Additionally, both buildings propose a roof deck amenity to provide outdoor opportunities for work, play, and entertainment. It is envisioned that this development would expand on the already 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 making the route North/South on the east side of the river more convenient for commuters.

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 glass line, allowing deep daylighting and space planning flexibility.**
  • Access to 1,200 parking stalls in the adjacent Hassalo on Eighth development.

Property Analytics

Current Use

Childrens Service Social Service Agency bootshubs Clothing & Fashion Store Deershoes Department Store utopiamoment Clothing & Fashion Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Mobile Phone Store Tanning Salon 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 - Office development focused on sustainability with district energy solutions.
Where is this office building located?
The property is located at 827 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 glass line, allowing deep daylighting and space planning flexibility.**; Access to 1,200 parking stalls in the adjacent Hassalo on Eighth development.
More about this property
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