Property Type Office - General Office
Property Size 70,000 SF
Lot Size 0.31 Acre

Location

City Portland, OR
Neighborhood Downtown Portland
Zip Code 97205
Market Portland

Contacts

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Owner

True Owner
Registered Owner

Brokers

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Market Trends

Average Actual Rents in Portland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

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$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Portland Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $33.10
2020 Office Vacancy Rate 12.80%
2020 Office Completions (SF) 653,381

Portland Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

2020 Avg. Price per SF $561.92
2020 Office Sales Volume $721.7M
2020 Number of Transactions 10

Tax

Base Tax $34,297
Current Tax $40,035
Market Value* $4,017,010
Assessed Value $4,017,010

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*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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Top Markets Near Portland

Nearby Properties

1018 SW Morrison Street, Portland, OR 97205 - Office Space

1018 SW Morrison Street is located at 1018 SW Morrison Street in the Downtown Portland neighborhood, OR, Portland, 97205. The Office building features a total of 70,000 SF.

There are 432 office spaces for lease in the Downtown Portland neighborhood, totaling 2,563,960 SF of available office space. The office space availability for the 97205 zip code is 858,915 SF, in 197 office spaces. The average asking office rent per SF in Downtown Portland is $25.17/SF/YR. For Class A+ office buildings the average office rate is $42/SF/YR, for Class A office buildings the average office rate is $28.35/SF/YR, for Class B office buildings the average office rate is $250.74/SF/YR, for Class C office buildings the average office rate is $17/SF/YR.

In Downtown Portland, there are 2 class A+ office buildings, there are 23 class A office buildings, there are 34 class B office buildings, there are 10 class C office buildings. In Downtown Portland, there are a total of 8 LEED certified office buildings. At zip code level, there are 33 commercial properties, of which 32 are office buildings over 50,000 square feet.

1018 SW Morrison Street