Southeast Uplift Office Space

11 NE Martin Luther King Jr Blvd Listing
Portland, OR
# For Lease > Office & Retail Development The Fair-Haired Dumbbell is Guerrilla Development’s 56,000 SF speculative office building with ground-floor retail in the heart of the Burnside Bridgehead. At the eastside intersection of Burnside Street and the Willamette River, the Bridgehead is home to some of Portland’s most exciting new architecture and development. The Dumbbell sits squarely in the center of the action, and doesn’t shy away from attention… The Dumbbell consists of two canted six-story towers decked in hand-painted original artwork on all eight of its elevations. At each level, sky bridges connect the ~4,000 SF office spaces, giving the creative companies who work there the ability to own their own floor (or two). No two elevations are the same; tenants and visitors alike will take in impressive views of Portland through windows of varying size. At the ground floor, the Dumbbell will compliment its neighborhood with unique retail offerings and creative landscaping. Beyond it’s striking looks, the Fair-Haired Dumbbell pushes the envelope in other ways. It is the nation’s first online Regulation A crowd-funded real estate project. That means investors of all stripes —accredited or unaccredited— have the ability to invest in the Dumbbell. Guerrilla Development is dedicated to exploring the impact of neighborhood-funded real estate and what that means for the health of communities in Portland and beyond. Features - +/- 40,000 SF Creative Office - +/- 6,075 SF Ground Floor Retail - Available Late 2016 - Incredibly collaborative office environment - Wood floors - Timber frame construction - Sky bridges spanning between every floor - Each floor plate is roughly 4,000 SF per building - Please contact broker for rates

Southeast Uplift

Office Space Market Report

Number of Listings (last 90 days)
53
Median Rate ($/sqft/yr)
$32
Median Size (sqft)
1,450
As of: December 10, 2016

Southeast Uplift Rates

Most listings are in the $30's per square foot per year. The Southeast Uplift region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 4% decrease in rent.

Compared to the rest of the Greater Portland market, the Southeast Uplift region has greater rates, and you'll need to make a great offer to be in this hot region.

Southeast Uplift Listing Supply

In the last 90 days, 53 listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,450 sqft. Most properties in this region are around 2 stories. Most buildings in this region were built in 1955 and are Class B.

Southeast Uplift Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Arts, entertainment, and restaurants are the dominant industries in this area. Commute by bike is the most popular way to get to work amongst Southeast Uplift folk. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Southeast Uplift.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Southeast Uplift.
Research