1501 E McAndrews Rd, Medford, OR 97504

Scott King and Caspian Hoehne of Merit Commercial Real Estate, exclusively represented the Landlord in the lease of a second-story, long-vacant ±750 SF professional office space.

The Challenge: The last remaining vacancy within the prominent Ticor Title building in east Medford, Oregon had been a chronic leasing challenge for ownership, with multiple other non-local brokerage groups without any presence in the Medford having attempted to lease the space over the last several years. Additionally, the entire suite was ±1,374 SF of office space, but tenants had varying space requirements and did not necessarily need the entire marketed area adding to the complexity of the transaction. User demand for professional office space was also a challenge with the user pool being generally limited at the time of listing the Space. 

Merit's Process: A diversified and hyper-local marketing strategy was critical in finding a user - and allowing users to even know the space was available. Excellent materials, eye-catching signage, and exposure to the local MLS - even as a more residential tool - led to quickly finding a small but growing residential mortgage team to take over the space. The Merit team utilized targeted marketing and proactive outreach to generate interest in the Space. When a prospective tenant identified a need for less than the full ±1,374 SF, we worked with the parties to adjust the leasable area to better align with the tenant’s needs at a rate 20 cents higher than asking, creating a flexible solution while maximizing the property’s leased potential. 

The Result: The office space leased for $2.20/SF/Month under a full-service lease in mid-2026. The end tenant was identified within two weeks of listing; lease signing happened within 86 days of listing.