Office for Sale in Portland, OR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Portland, OR 97214
  • Year built: 1957

Description

Marcus & Millichap is pleased to present the exclusive sale offering of the Kennedy Building, a ±14,618-square-foot industrial warehouse located on Portland’s eastside, just across the Willamette River from the Central Business District. Situated in a core infill location with convenient access to both the Morrison and Burnside Bridges, the property offers on-site parking, a securely fenced storage yard, and dual loading bays ideal for a wide range of industrial users. With immediate occupancy available, the Kennedy Building presents a rare opportunity for owner-users seeking a functional facility in a highly accessible submarket. Investment Highlights: • Owner-User or Investor Opportunity • Functional Building Layout • Strategically Located • Significant Nearby Developments • Attractive Basis Below Replacement • Secured Yard Storage

Market Context

This office in Portland, OR is listed for sale. The building dates to 1957. It has been on the market for 68 days. Compare it against other office listings for sale in Portland, OR — <a href="/search/sale/office/oregon/portland">view the full market</a>.

As of Q1 2026, the Portland office market showed a 27.1% vacancy rate, average asking rents near $32.00/SF/yr, and rents up 4.8% year over year. Source: Consensus Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Office market FAQ

Is the Portland office market tightening or softening?
Vacancy is around 27.1%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Medium Confidence

$38.35/SF – $40.60/SF

Mid: $38.35/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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