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Portland Creative Space with Flex
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541 NE 20th Ave, Portland, OR 97232

Modern creative space with flex area in vibrant Portland neighborhood.

Space SizeContact for details
Property Size132,000 SF
Days on Market268

Property Features for 541 NE 20th Ave

General Information

Standard status Active
Size 132,000 SF
Property subtype Office
Zoning CM3

Building Details

Building Size 132,000 SF
Year Built 1930
Listing Agency: Macadam Forbes
Listed By: Skip Rotticci, CCIM · License #OR #200204348
Source: Macadamforbes
Added: Nov 25, 2025 Changed: Aug 8 Last Checked: Aug 20 at 5:09AM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

This property, located in Portland, OR, offers modern convenience with a contemporary design and efficient layout, featuring private offices and open creative space. The property benefits from ample natural light, state-of-the-art HVAC systems, and versatile floor plans suitable for various business operations. Secure parking is available, and easy access to major transportation hubs facilitates connectivity for employees and clients. The property includes approximately 2,000 square feet of flex space suitable for events or large gatherings. Situated in the Kerns neighborhood, recognized by Time Out magazine as a top neighborhood globally and the best in the United States, the location provides convenient access to popular eateries such as Ox, Tusk, Toro Bravo, and Providore, as well as specialty coffee shops like Coava Coffee and Stumptown. The area also features galleries and performance spaces, including the Disjecta Contemporary Art Center and the Hollywood Theatre. Convenient access to public transportation enhances commuting.

Key Highlights

  • Prime location in the Kerns neighborhood, recognized as a top neighborhood globally and the best in the US by Time Out magazine.
  • Includes ~2,000 SF of flex space suitable for events or large gatherings.
  • Contemporary design with private offices and open creative space.

Property Analytics

Current Use

Kaleb Bird, Real ... Real Estate Agency Marc Angelo Real ... Real Estate Agency Jamie Orr, Realtor Real Estate Agency Johnny Crawford at The Reger ... Real Estate Agency Katherine Sandstrom Physician

Suggested Use

Top Pick Mobile Phone Store Florist Tanning Salon Clothing & Fashion Store Adult Day Care (Bike/Boat/Book/etc) 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

4,481
Businesses Nearby

Demographics for 97232, OR

15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value

Market

Lease Benchmarks for Portland, OR

$23.42 /SF/Yr
Avg Asking Price
$17–$32 /SF/Yr
Price Range
11,523 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
Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Modern creative space with flex area in vibrant Portland neighborhood.
Where is this creative space located?
The property is located at 541 NE 20th Ave Portland, OR.
What are key features of this property?
This property features: Prime location in the Kerns neighborhood, recognized as a top neighborhood globally and the best in the US by Time Out magazine.; Includes ~2,000 SF of flex space suitable for events or large gatherings.; Contemporary design with private offices and open creative space.
More about this property
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