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Historic Reid Pacific Building Office
For Lease
$22 SF/Yr

1104 NW 15th Ave, Portland, OR 97209

Pearl District office space with exposed brick and hardwood floors.

Space Size2,640 SF - 4,600 SF
Property Size15,000 SF
Days on Market165

Property Features for 1104 NW 15th Ave

General Information

Standard status Active
Size 2,640 SF - 4,600 SF
Class B
Property subtype Office
Lease Term NNN

Building Details

Building Size 15,000 SF

Spaces For Lease

at 1104 NW 15th Ave Contact us

Suite 250 $22/SF/Yr

Size
2,640 SF
Type
Creative/Loft
Term
Negotiable
Contact us

Suite 400 $22/SF/Yr

Size
4,600 SF
Term
Negotiable
Contact us
Listed By: Ben McInnis
Source: Bencocre
Added: Mar 26 Changed: Aug 26 Last Checked: Sep 5 at 6:46AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben McInnis

Investment Insights

Based on property information with market context.

The Reid Pacific Building, originally constructed in 1908, is situated in The Pearl District. The property features exposed brick walls, hardwood floors, natural light on two sides, and exposed post and beam ceilings. Building amenities include 24-hour access and a shower. The building is elevator served by a freight elevator. The Pearl District is known for its concentration of creative firms, breweries, restaurants, coffee shops, and housing. The property is conveniently located near Sisters Coffee, Tea Bar, Safeway, LA Fitness, Daily Café, and other conveniences.

Key Highlights

  • Prime Pearl District location near popular amenities
  • Authentic historic charm with exposed brick walls and hardwood floors
  • Abundant natural light from windows on two sides of the building

Property Analytics

Current Use

Circle Media Inc. (Bike/Boat/Book/etc) Store International Center for Law ... Charitable Organization Parking NW - MachineWorks ... Parking Lot & Garage Ashe Legal Group, ... Law Firm Lewis & Solberg LLC Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Daycare Center Tanning Salon Nursing Home Supermarket HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,567
Businesses Nearby

Demographics for 97209, OR

22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value

Market

Lease Benchmarks for Portland, OR

$31.31 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
25,965 SF
Avg Space Size

This space is priced 30% below the average of $31.31 /SF/Yr.

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Pearl District office space with exposed brick and hardwood floors.
Where is this office building located?
The property is located at 1104 NW 15th Ave Portland, OR.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Prime Pearl District location near popular amenities; Authentic historic charm with exposed brick walls and hardwood floors; Abundant natural light from windows on two sides of the building
More about this property
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