11606 Pacific HwyTigard, OR 97223

For Lease
$25/SF/YR

6,800 SF Single-Tenant Retail Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 6,800 square foot retail space is located in the thriving Tigard submarket, boasting a strong performance record. The property is a single-tenant building, offering a unique opportunity for a variety of businesses, including tattoo parlors, auto shops, convenience stores, markets, or furniture showrooms. The Tigard retail submarket demonstrates remarkable stability, with a current vacancy rate of 2.8% as of Q4 2024, mirroring the rate from the previous year. This consistent performance is underscored by 46,000 square feet of net absorption against 44,000 square feet of net delivered space over the past year. The submarket's current vacancy rate significantly underperforms its five-year (3.5%) and ten-year (3.3%) averages, indicating a robust and resilient market. Further highlighting the area's strength, the submarket currently has approximately 230,000 square feet of available space, representing a 3.3% availability rate. Looking ahead, there are 58,000 square feet of retail space currently under construction, slightly above the ten-year average of 51,000 square feet. The Tigard retail submarket comprises approximately 6.9 million square feet of total inventory, providing context for the significant opportunity presented by this 6,800 square foot property. This property offers a rare chance to establish a business in a highly sought-after, stable, and growing retail environment.

Highlights

  • 6,800 sq. ft. retail space.
  • Single-tenant occupancy.
  • Located in the Tigard retail submarket, boasting a 2.8% vacancy rate (Q4 2024).
  • Strong market fundamentals with positive net absorption and low vacancy compared to historical averages.
  • Approximately 230,000 sq. ft. of available space, representing a 3.3% availability rate.

Unit(s) available at that property

Space
Size
6,800 SF
Rate per SF
$25

Location Insight

City
Tigard
County
Washington
State
Oregon
Latitude
45.4386122
Longitude
-122.7529589
11606 Pacific Hwy, Tigard, Oregon

FAQs

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11606 Pacific Hwy
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