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Historic Commonwealth Building Office Space
For Lease
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421 Southwest 6th Avenue, Portland, OR 97204

Iconic Portland office building with modern architectural significance.

Space SizeContact for details
Days on Market263

Property Features for 421 Southwest 6th Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE - Portland
Listed By: Kevin Kaufman · License #137614
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:56AM

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 CBRE - Portland

Investment Insights

Based on property information with market context.

The Commonwealth Building, constructed in 1948, represents a significant advancement in modern architecture. Designed by architect Pietro Belluschi, this building is recognized as a notable example of commercial architecture in Portland and was named as one of the fifty most significant buildings constructed in the United States during the 1900s. The property is located in the Central Business District and has a total size of 125,827 square feet.

Key Highlights

  • Designed by world‑renowned architect Pietro Belluschi.
  • Named one of the 50 most significant buildings constructed in the U.S. during the 1900s.
  • Revolutionary advance in modern architecture.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store Nail Salon Barber Shop Electrical Service Storage Facility Grocery & Convenience Store

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

Location Intelligence

Trade Area within ½ mile

12,966
Businesses Nearby

Demographics for 97204, OR

1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent

Market

Lease Benchmarks for Portland, OR

$34.07 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,106 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Office building - Iconic Portland office building with modern architectural significance.
Where is this office building located?
The property is located at 421 Southwest 6th Avenue Portland, OR.
What are key features of this property?
This property features: Designed by world‑renowned architect Pietro Belluschi.; Named one of the 50 most significant buildings constructed in the U.S. during the 1900s.; Revolutionary advance in modern architecture.
More about this property
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