Office

Newberry Building

617 sw 4th ave portland, or, 97204, portland, OR 97204

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Low Confidence

Low

$21.00/SF

Mid

$21.00/SF

High

$21.00/SF

Tier Used

direct_comps

Based on 4 comparable office sale listings in the area.

Tier Resolution Trace

Tier 1success4 compsselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$21.00/SF	—	direct_comps
Utilities	—	10.1¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1507/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
OpenSearch Listings	comparable_listings	4	—	real-time	—

Data sources used

listings

Description

Located in the heart of the CBD, the 620 & NEWBERRY BUILDINGS offer creative office suites from 300 to 55,000 RSF. Superior access to retail, restaurants, transit, and parking Building conference room with WiFi Views of the river, mountains and downtown Adjacent to Pioneer Place, Nike Town, The Nines Hotel, and Hotel Monaco At the intersection of 2 MAX lines Top of building signage opportunities On-site bike parking, exercise facility, and building locker rooms and showers Free quarterly bike repair and maintenance for tenants Lease rate: $24.50 to $29.50/RSF full service

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

617 sw 4th ave portland, or, 97204, portland, OR 97204

Leaflet © OpenStreetMap contributors

Market Context

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

Projected current pricing

indicative confidence

Projected asking rent

$32.00/SF/yr

Estimated sale value

$136–$230/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Portland office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat).

View the full Portland Office market report →

Above-average vacancy gives buyers leverage and a wide set of comparables.

Compare it against other office listings for sale in Portland, OR to benchmark pricing and space — view the full market.

Office market FAQ

Is the Portland office market tightening or softening?: Vacancy is around 27.1% (Q1 2026).

Unified Estimate

Medium Confidence

$21.00/SF-$23.88/SF

Mid: $23.88/SF

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

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.