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Posts Tagged ‘survey monkey’

NonProfDex (charitable|education|trade assoc)

Central Business District

Action without Borders – Portland Police Block | 209 SW Oak St | 6,137 RSF

Pacific NW Utilities Conference – One Main Place | 101 SW Main St | 1,733 RSF

TechDex (apps|provider|hardware|var)

Eastside

Nordisk Systems – 224 Corporate Ctr | 6400 SE Lake Rd | 5,834 RSF

Central Business District

SurveyMonkey – The Lovejoy | 1331 NW Lovejoy | 2,380 RSF sublease

Harris Corp – Union Bank of Cal | 707 SW Washington St | 10,820 RSF extension

Vancouver

LAM Research – Park Tower Biz Ctr | 222 NE Park Plaza Dr | 3,325 RSF renewal

GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Richard Sly Attorney – Portland Police Block | 209 SW Oak St | 2,000 RSF

Innovative Benefits – Water Tower | 5331 SW Macadam Ave | 1,646 RSF

HealthDex (hospital\provider|managed care|equipment)

Eastside

Pediatric Dentistry – Gresham Station N | 831 NW Council Dr | 2,732 RSF

Vancouver

Dr. Kojis – Park Tower Biz Ctr | 222 NE Park Plaza Dr | 1,184 RSF

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 Our First Quarter Market Report is out and the numbers are showing signs of stress under the economy. Tenants have greater leverage now as landlords are anxious to lease space and maintain rent rolls. The reality behind this is that landlords are not giving away the house in order to water the lawn. In other words, there are concessions and discounts to be had, but a landlord is not going to give rent abatement and build out allowances on a 2 year deal or less. The cost of unleased space is less than the cost of a short-term leased space with build out needs. And some submarkets (Central Business District) are not as vulnerable as others (Sunset Corridor) at this time.

Here are some of the latest numbers on vacancy, rents, and available square feet. For a complete copy of the report, contact me at kristin.hammond(at)pacific-re.com.

Central Business District (downtown core)

Overall Vacancy Rate: 8.82%

Average Rent: $22.00/SF

Available Sublease SF: 190,133 SF

Available Direct SF: 1,839,453 SF

Westside (Sunset Corridor/Hillsboro)

Overall Vacancy Rate: 19.78%

Average Rent: $17.50/SF

Available Sublease SF: 154,498 SF

Available Direct SF: 839,885 SF

Vancouver (Central Business District)

Overall Vacancy Rate: 16.42%

Average Rent: $21.00/SF

Available Sublease SF: 2,892 SF

Available Direct SF: 262,066 SF

 

TechDex (apps|provider|hardware|var)

Central Business District

Small Society – Dekum Building | 519 SW Third Ave | 1,800 SF

Eleven Wireless – Carson Building | 315 SW 11th Ave | 7,350 SF

SurveyMonkey – The LoveJoy | 1331 NW LoveJoy St | 4,300 SF

Elemental Technologies – 620 SW Fifth Ave | 5,812 SF

Vancouver

Echo Global Logistics – Columbia Tech Center | 1498 SE Tech Center | 5,000 SF

GeneralBizDex (consulting|finance|insurance|legal|other)

Central Business District

Farmers Insurance – Sayler Building | 10415 SE Stark St | 2,194 SF

Rider Levett Bucknall – Brewery Blocks | 1120 NW Couch St | 3,393 SF

Westside

Harris Worksystems – Park 217  – Tigard| 6,499 SF

ReMax Equity Group – Tanasbourne Commons | 17933 NW Evergreen | 5,421 SF

Folexport – 10800 SW Tualatin Sherwood Rd | 21,843 SF

Eastside

Munecos Tax & Business – 300 SE 181st Ave | 3,190 SF

HealthDex (hospital/provider|managed care|equipment)

Eastside

SEDIA Biosciences Corp – Pacific Business Park | 4900 NE 122nd | 4,513 SF

NonProfDex (non profits)

Central Business District

Cascasde Aids Project – Lincoln Building | 421 SW Oak St | 15,034 SF

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