Despite rising interest rates and a decline in overall office usage post-pandemic, the Tigard Triangle office submarket is experiencing record sale pricing. Conveniently situated near I-5 and HWY 217, the Triangle has become an excellent landing area for companies seeking to leave Multnomah County or the Lake Oswego submarket. In addition, the Tigard Triangle submarket features a wide array of building sizes and qualities, making it an attractive option for companies of all types.
Macadam Forbes recently transacted three office sales which sold quickly at record pricing of approximately $500 per square foot. Each listing featured strong competition, which resulted in a surplus of buyers looking for opportunities within the submarket. However, the volatility in the financial markets, along with the continued push to raise interest rates, indicates that this market momentum may be nearing its end. If you're interested in learning the current market value of your property, please give Macadam Forbes a call.
7307 & 7357 SW Beveland Street
Combined Sale Price: $8,000,000 ($504/SF)
Time Before Accepted Offer: 1 week
12540 SW 68th Avenue
Sale Price: $1,900,000 ($489/SF)
Time Before Accepted Offer: 2 weeks