Follow Cresa Portland

Portland
317 SW Alder Street
Suite 1050
Portland, OR 97204
503.455.8655 tel
Map/Directions

Contacts

Sean Heaton
Senior Vice President
Email
503.886.8685 tel
Blake St. Onge
Senior Vice President
Email
503.886.8663 tel

Portland

With a population of just over 2.3 million residents, greater Portland ranks as the 23rd largest metropolitan area in the United States. Portland is a growth center: from 2013 to 2014, the region’s population growth rate ranked 15th among the 50 largest metropolitan areas and it is anticipated that the metro area will grow to 3 million by 2035. 

Portland is a highly educated workforce of over 1 million workers. Nearly 70% of the residents have some form of advanced degree, over 35% possess a BA or higher, and over 200,000 of the residents have some form of graduate or professional degree. Portland is also a center for education. There are over 42 colleges and universities in the area offering advanced degrees to some 225,000 students.    

As a hub of innovation, Portland has attracted a variety of companies from Clean Technology to Advanced Manufacturing.  As a result of its great recreational base and outdoor lifestyle, Portland has attracted major athletic and outdoor brands including Nike, Columbia, Under Armour, and Keen Footwear. As a technology center of excellence, Portland has been dubbed “Silicon Forest” and is host to major tech employers including Integra, FEI, Mentor Graphics, and TriQuint Semiconductor.

The greater Portland Office market consists of 10 major submarkets including the Central Business District, Clark County, I-5 Corridor, Lloyd District, Northeast, Northwest, Skamania County, Southeast, Southwest, and the West Side. This total market area consists of some 96 million square feet of space of which the class A office market totals some 27.7 million SF and the class B office market comprising approximately 44 million SF. The Central Business District is by far the largest of the 10 submarkets, totaling approximately 26 million SF or 27% of the total inventory.

The greater Portland Industrial market consists of the same 10 major submarkets. This total market area is approximately 200 million SF of space of which over 90% is classified as Manufacturing and Distribution space and 10% as type space. Over 50% of the space is located in just 2 submarkets: Northeast with 33% of the inventory and Southeast with 21% of the inventory.

  • Portland CBD Market Report

    Class A & B Buildings

    Supply
    22,170,801 SF
    Vacancy
    9.8%
    Absorption
    193,552 SF
    Avg. Lease Rate
    $29.47/SF
  • Portland Suburban Market Report

    Class A & B Buildings

    Supply
    52,508,839 SF
    Vacancy
    7.9%
    Absorption
    556,379 SF
    Avg. Lease Rate
    $22.07/SF
  • Portland Industrial Market Report

    Total Industrial Submarket

    Supply
    202,204,320 SF
    Vacancy
    4.3%
    Absorption
    1,631,624 SF
    Avg. Lease Rate
    $7.55/SF

Market Insights

People

Sean Connors Advisor 503.886.8689
Sean Heaton Senior Vice President 503.886.8685
Blake St. Onge Senior Vice President 503.886.8663
James Vietzke Vice President, Project Management 503.886.8665
Michael Whitten Senior Advisor 503.886.8683

Subleases & Sales

Property Available Space Rental Rate
Sublease: Bridgeport Center
7632 SW Durham Road
Tigard, OR 97224
Partial 3rd Floor, 8,123 RSF Withheld
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Client Advocacy

It's the most significant question you can ask the clients of any service organization: "Would you recommend this firm to a peer?" When the Watkins people asked it of over 200 users of corporate real estate services, then measured the responses for 23 service providers - including every major global firm - it wasn't even close: Our Client Advocate Score (CAS) is 83.5%. When commercial real estate executives rated us on our ability to add to their bottom line, we were almost off the chart.

Project Management

The Cresa Project Management Team manages the entire commercial real estate process for you – from workplace planning through design, construction, furniture procurement, and relocation planning. We truly have an integrated business model. We collaborate with our real estate advisors through the entire process to make sure your needs are met every step of the way. Additionally, we make sure your project is delivered on time, within budget and to the desired specifications.

We ensure success by taking complete control of the following:

  • Budget — We take charge of the spending for your project, advising you of any issues and pointing out possible savings
  • Schedule — We oversee the construction schedule, informing you of key dates, making sure you have time to plan your move without disruption
  • Plans — We create a rough outline of how your space will be built out, then we select the architect to draw it up formally
  • Permits — We take care of obtaining any permits necessary for the construction of your space
  • Vendor Selection — We oversee the hiring and supervision of designers, contractors, voice/data suppliers, and other suppliers
  • Coordinate Installs — We supervise the installation of carpet, paint, trim, wiring, lighting, system furniture, and other items required in a working office
  • Relocation Management — We can implement your entire move — hiring the mover, packing and unpacking, setting up computers, etc. — so your people can keep working with as few distractions as possible

Portland Tenants' Corner

Click below to download previous editions of the Portland Tenants' Corner: