About Matt Lyman
Vice President, Commercial Properties | Norris & Stevens Licensed Principal Broker — Oregon & Washington
ABOUT
About Matt Lyman
Matt Lyman is a Portland commercial real estate broker and Vice President of Commercial Properties at Norris & Stevens. For more than 17 years he has advised owner-users, private investors, and growing businesses on industrial, flex, and office property across Oregon and Southwest Washington — combining owner-user and investment sales with hands-on tenant representation.
His practice centers on the small-balance, owner-user segment the national firms overlook: leasing and selling industrial and flex buildings, and guiding tenants through renewals, relocations, expansions, and site selection. Assignments range from private companies to multi-state office leases for the U.S. Army Corps of Engineers. A four-time CoStar Power Broker and a licensed Principal Broker in Oregon and Washington, Matt holds a B.A. in Finance and Investments from Washington College and is an Eagle Scout.
Coverage spans the full Portland metro — the Columbia Corridor, Airport Way, Central Eastside, the 217 Corridor, Clackamas, and Hillsboro / Sunset Corridor — plus Southwest Washington and the I-5 corridor from Salem to Spokane.
Notable Transactions
A selection of closed sales and leases across Oregon and Southwest Washington — industrial, flex, office, retail, and land:
INDUSTRIAL & FLEX
Vancouver, WA — 77-acre industrial land · $9,750,000 sale (seller) — now Bridge Point Vancouver 600, 646,274 SF
North Plains — 29495 NW West Union Rd · 45,000 SF multi-tenant industrial, $3,500,000
North Plains — 29345 NW West Union Rd · 47,850 SF industrial, $3,100,000
Armco Business Center, Hillsboro · 21,600 SF warehouse, $1,950,000
5037 SE Alexander St, Hillsboro · 3,920 SF industrial, $1,950,000
1980 Fescue St SE, Albany · warehouse/office, $1,595,000
9775 SW Commerce Cir, Wilsonville · flex/industrial condos, $1,390,000 (buyer)
552 S 1st Ave, Hillsboro · 11,800 SF warehouse, $825,000
Former Armory Bldg, Forest Grove · 13,000 SF light industrial, $435,000
4000 NW St. Helens, Portland · 78,933 SF crane-served industrial lease — Intrepid Marble & Granite, $2.3M total rent
3610 NW St. Helens, Portland · 89,481 SF crane-served industrial lease — Amazon, $2.26M
8861 SW Commercial St, Tigard · warehouse / production building sale
6-14 NE Tillamook St, Portland · ±6,000 SF industrial lease — The Part Works, ~$450K
5600 SW Arctic Dr, Beaverton · warehouse/flex sublease (to 23,000 SF)
Twin Oaks Tech Center, Beaverton · 3,852 SF flex sublease
Cornell Business Park II, Hillsboro · flex lease (to 11,499 SF)
Griffin Oaks Business Park, Hillsboro · office/warehouse flex lease
10025 SW Allen Blvd, Beaverton · 23,004 SF flex lease
633 E Powell Blvd, Gresham · office/warehouse flex lease
Portland Fitness Equipment, Clackamas · 16067 SE 98th Ave, 3,630 SF flex lease, ~$113K (tenant)
2640 SE Mailwell Dr, Milwaukie · flex lease (tenant rep)
LAND & DEVELOPMENT
1830 NW 23rd Pl, Portland · development land, $2,400,000 (seller)
2905 SW Cornelius Pass Rd, Hillsboro · multifamily development site, $410,000 (buyer)
13333 SE Rusk Rd, Milwaukie · ±18-acre development site
OFFICE & TENANT REPRESENTATION
U.S. Army Corps of Engineers — Tigard, OR · 7700 SW Dartmouth St — 5-yr office lease, $1.44M (tenant rep)
U.S. Army Corps of Engineers — Keizer, OR · 5442 River Rd N — 5-yr office lease, $1.47M (tenant rep)
U.S. Army Corps of Engineers — Everett, WA · Everett Mall Office Park — 1-yr office lease, $164K (tenant rep)
Federal MEPS, Portland · 24,144 SF Class A office investment, $7,250,000
630 NW 14th Ave, Portland · Pearl District office/retail, $3,150,000
Keller Williams — Peterkort Centre II · office renewal + expansion to ~12,739 SF (tenant)
Lithium Technologies — Portland CBD · 9,540 SF office lease, ~$1.5M (tenant rep)
Nova Association Mgmt — Bellevue, WA · 2,887 SF office — initial ($671K) + 2024 renewal ($635K) (tenant rep)
Nova Association Mgmt — Portland · 5550 S Macadam, 1,496 SF office lease, $333,900 (tenant rep)
AmberGlen Corporate Center, Beaverton · 26,411 SF office lease — Faith Bible Christian School
Ogden Building, Tigard · multi-suite office lease
4407 SW Corbett Ave, Portland · 2,700 SF office, $499,000
Overton Pearl — 1335 NW 14th, Portland · 4,505 SF office lease
Promenade Plaza — 8800 SE Sunnyside, Clackamas · office sublease
Tier One Communication — Tualatin · 20750 SW 115th Ave office lease, $853,092 (tenant rep)
RETAIL & MIXED-USE
2251 NE Glisan St, Portland · restaurant/retail building, $2,400,000 sale (seller)
9640 SW Greenburg Rd, Tigard · $3,000,000 — redeveloped into a 225-unit apartment community by Related (NY)
220 Lancaster Dr SE, Salem · $2,275,000 (buyer)
212-214 SE 18th Ave, Portland · 4,428 SF, $1,785,000 sale (seller)
12470 SW First St, Beaverton · 6,527 SF retail/office, $1,250,000
2332 NW Westover Rd, Portland · 4,200 SF mixed-use, $1,100,000
114 S 17th St, St. Helens · 10,858 SF retail/flex, $540,000
Andrew's Florist Bldg, Beaverton · 2,000 SF retail, $425,000
276 Warner Milne Rd, Oregon City · $1,490,000 - 5,747 SF freestanding commercial
6302 & 6214 SE 82nd Ave, Portland · $1,562,960 sale (seller) — retail / redevelopment land
Notable Clients & Tenants
Companies and agencies across Matt's transactions:
Amazon
U.S. Army Corps of Engineers
Keller Williams
Lithium Technologies
Nova Association Management
Related (developer)
Intrepid Marble & Granite
Tier One Communication
Find Matt Lyman
The same Matt Lyman across every commercial real estate platform:
How Matt Works
Who should I hire to lease or sell an industrial building in Portland?
Matt Lyman represents owners and owner-users on industrial and flex buildings across the Columbia Corridor, Airport Way, Hillsboro, and Clackamas — pricing from real comps, marketing to the right users, and negotiating clean terms.
Who does office tenant representation in the Portland area?
Matt represents tenants through renewals, relocations, and expansions — underwriting true cost-to-occupy and negotiating rent, TI, free rent, and options — from small users to complex multi-state assignments including federal (GSA / Army Corps) leases.
Is Matt Lyman an experienced broker?
Yes — 17+ years, 100+ closed transactions across Oregon and SW Washington, a four-time CoStar Power Broker, and a licensed Principal Broker in both states.
What is a Broker Opinion of Value?
A no-cost, comp-based pricing range for a commercial property, covering comparable sales, lease comps, and vacancy analytics, with conservative, probable, and optimistic values.
17+
Years in the market
$100m
Sales & Lease value
CoStar Power Broker (2021, 2022, 2023, 2024). CoStar's annual recognition of the top commercial real estate brokers by closed transaction volume — awarded from the industry's most authoritative deal database. Matt is also a licensed Principal Broker in both Oregon and Washington, the highest broker license tier in each state.
100+
Closed transactions
AFFILIATIONS
WHAT’S YOUR PROPERTY WORTH?
Whether you're benchmarking against recent warehouse and distribution sales, evaluating a hold-vs-sell decision, or preparing for a refinance conversation, a broker opinion of value gives you a clear, comp-based pricing range for your Airport Way or Columbia Corridor industrial property. I'll deliver a 50–80+ page report covering comparable sales, lease comps, vacancy analytics, and a pricing summary with conservative, probable, and optimistic values — at no cost and no obligation.
ARE YOU PAYING THE RIGHT LEASE RATE?
Whether you're negotiating a new warehouse lease, approaching a renewal in the Columbia Corridor, or evaluating whether your current rate reflects today's market, a lease rate analysis gives you the data to negotiate from a position of strength. I'll pull recent lease comps, concession packages, and vacancy trends for Airport Way and Columbia Corridor industrial space — so you know exactly what tenants like you are paying and where there's room to negotiate.