Who will own the building? How will it be managed?
618 NW Glisan LLC purchased the historic building in December of 2014 with an agreement that MotiveSpace will lease spaces in the building to mission-driven organizations as they become available. While they’re not giving us the building, their participation amounts to a generous boost to the project’s campaign, and gives us the opportunity to launch the building’s shared services at a smaller scale.
How much are the Barn’s lease rates?
Costs to lease in the building range from approximately $18.50/sq.ft ./year – $23/sq.ft ./year. The exact cost depends on the size, its location in the building, and if tenants want upgrades or changes in the space. Retail space, for example, is at the high end of that range. For a standard 1,000 square foot “as-is” office unit, offices come to approximately $1,600/month.
What other lease terms and conditions does the lease specify?
A lease term of at least five years is preferred, though we can discuss the needs of each group individually. If we make many changes, a longer term allows us to be more flexible about pricing. The Barn’s leases are “gross modified,” meaning that building owners pay for management, trash service, property taxes, insurance, and ensure that the cost of the common and shared spaces are included in the base lease costs. The first year a tenant moves in establishes the “base year” for electricity and water, with increases over the base year shared by tenants. This ensures that the building’s costs can still be covered if a tenant uses a larger than average amount of electricity or water.
What shared services will nonprofits have access to in the building?
Leasing space in the Barn gives nonprofits the option of accessing shared services at a discounted rate. Services include phone, internet, IT support, as well as back office support such as human resource, legal, accounting and grant-writing consulting.
What shared spaces will the building have? Does my nonprofi t have to use them?
In the Barn’s first year nonprofits have access to a meeting room capable of holding approximately 12 people around a conference table, or between 25 to 30 people “classroom style.” There are also informal meeting spaces for casual 4-5 person meetings. Each nonprofit is allowed a quarterly quota of hours for use in the Barn’s shared conference room, depending on their needs and timing. Nonprofits needing hours in the shared spaces beyond their quota will be charged a nominal hourly fee, which helps ensure the shared spaces aren’t over utilized by any one group. Use of all shared spaces and services is entirely optional.
Are there storage options available?
Yes. There are currently secure storage units in the basement of the building available at a cost of $75/month. Each space is slightly different but averages approximately 125 square feet. When will the Barn be ready for move-in? When are more offices becoming available? The Barn has several offices open now with 15 other offices becoming available over the next two years. In addition to office spaces there will also be retail, production, workshop, event and storage spaces.
Where is the building? What transportation and parking options are located nearby?
The Barn is located at the corner of NW 6th and Glisan in Portland’s historic Old Town Chinatown neighborhood. It is directly on MAX and bus lines and just up the street from the bike-friendly Steel Bridge, with ample bike parking inside the building. There is a covered and secure parking garage on the same block as the building, and two additional above-ground parking garages within walking distance.