TIGARD BUSINESS PARK

PROJECT SUMMARY
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DATE ACQUIRED

January 2020

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LOCATION

Tigard, OR

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SIZE

256,084 SF

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UNITS

30

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YEAR BUILT

1984

SUMMARY

Tigard Business Park is a 8-building, 256,084 sf multi-tenant industrial center located in the Portland / Tigard, OR submarket with close proximity to Oregon Highway 217 & 99W as well as I-5.

Other Stats

  • 8-building industrial business park

  • Close proximity to shops, retail, and amenities

  • High Ceilings

SITE PLAN
TIGARD BUSINESS PARK
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MARKET
PORTLAND INDUSTRIAL MARKET 

The Portland metropolitan area consists of 7 counties and is the most populous region in the state of Oregon with 2.4 million people. The city of Portland is the 25th most populated city in the United States and second most populous in the Pacific Northwest after Seattle. Portland’s economy held strong throughout 2020 despite the global pandemic. Still with room to grow, there are no immediate signs that would bring on concerns of a slowdown or downturn. Year-over-year (YOY) total non-farm job growth for the Portland MSA was 1.7%, and the total number of 1,226,100 jobs continues to set new record highs. Households in Portland have a median annual income of $73,097, which is more than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $66,187 in 2017, which represents a 10.4% annual growth.

49% of the workforce in Portland has a bachelor’s degree or higher. Technology and advanced manufacturing companies have located in Portland over the years in order to attract the highly qualified employment base. These traits of the strong, highly talented, employment base is exemplified by the region housing several well-known company headquarters; Intel, Precision Castparts, Nike, adidas North America, Daimler Trucks, Columbia Sportswear, and others.

The Portland market has millions of square feet in active requirements by existing and new tenants, generating strong competition for prime space. Key markets and areas created greater amounts of competition, with space in the Clark County and the Sunset Corridor submarkets being the tightest. The Port of Portland is the third largest export tonnage port on the West Coast, with import and export shipments of $15.4 billion annually. Easy access to the north/south and east/west interstate freeway system, international air service, and both west coast intercontinental railroads make Portland an important distribution center.

TIGARD MARKET 

Tigard is situated in Washington County, Oregon, United States. The population was 48,035 at the 2010 census. As of 2007, Tigard was the state's 12th largest city. Incorporated in 1961, the city is located south of Beaverton and north of Tualatin, and is part of the Portland metropolitan area. Interstate 5 and Oregon Route 217 are the main freeways in the city, with Oregon Route 99W and Oregon Route 210 serving as other major highways. Public transit service is provided by TriMet, via several bus routes and the WES Commuter Rail line. The economy of Tigard, OR employs 27.2k people. The largest industries in Tigard, OR are Health Care & Social Assistance (3,485 people), Manufacturing (3,462 people), and Retail Trade (3,396 people), and the highest paying industries are Utilities ($112,941), Public Administration ($74,714), and Finance & Insurance ($69,792).Median household income in Tigard, OR is $70,120. Males in Tigard, OR have an average income that is 1.29 times higher than the average income of females, which is $48,053. The income inequality in Tigard, OR (measured using the Gini index) is 0.469, which is lower than than the national average.. 

PROJECT PHOTOS