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Central Business District Office Space
For Lease
$23 SF/Yr

1211 SW 5th Ave, Portland, OR 97204

Office suite with direct MAX and bus access, 24/7 security, conference facilities, and subterranean parking with valet service.

Space Size710 SF - 20,791 SF
Days on Market142

Property Features for 1211 SW 5th Ave

General Information

Standard status Active
Size 710 SF - 20,791 SF
Property subtype Office
Lease Term NNN

Site & Location

Neighborhood Portland Downtown

Spaces For Lease

at 1211 SW 5th Ave Contact us
Name Size Type Rate Availability
Suite 1400 12,014 SF Office Building Contact for pricing — Contact us
Suite 1450 6,611 SF Office Building Contact for pricing — Contact us
Suite 1600 20,238 SF Office Building Contact for pricing — Contact us
Suite 2100 4,265 SF Office Building Contact for pricing — Contact us
Suite 2130 6,841 SF Office Building Contact for pricing — Contact us
Suite 2185 9,527 SF Office Building Contact for pricing — Contact us
Suite 2300 10,855 SF Office Building Contact for pricing — Contact us
Suite 2900 15,361 SF Office Building Contact for pricing — Contact us
Suite 300 10,081 SF Office Building Contact for pricing — Contact us
Suite 3000 11,886 SF Office Building Contact for pricing — Contact us
Suite 400 15,491 SF Office Building Contact for pricing — Contact us
Suite 500 20,369 SF Office Building Contact for pricing — Contact us
Suite 800 20,368 SF Office Building Contact for pricing — Contact us
Suite 900 20,791 SF Office Building Contact for pricing — Contact us
Suite L-14 1,703 SF Street Retail Contact for pricing — Contact us
Suite LL-5 3,167 SF Office/Retail Contact for pricing — Contact us
Suite LL-9 710 SF Office/Retail Contact for pricing — Contact us
Suite 1220 3,629 SF Office Building $27/SF/Yr — Contact us
Suite 1430 2,207 SF Office Building $27/SF/Yr — Contact us
Suite 2310 3,093 SF Office Building $27/SF/Yr — Contact us
Suite 730 3,172 SF Office Building $27/SF/Yr — Contact us
Suite 740 3,712 SF Office Building $27/SF/Yr — Contact us
Suite 790 980 SF Office Building $27/SF/Yr — Contact us
Suite LL-10 1,210 SF Street Retail $23/SF/Yr — Contact us
Listing Agency: Newmark | Portland
Listed By: Josh Schweitz
Source: Nmrk
Added: Jun 7 Changed: Oct 25 Last Checked: Oct 24 at 2:16PM

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 Newmark | Portland

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Investment Insights

Based on property information with market context.

Office space for lease within Portland’s Central Business District, offering on-site conference facilities and 24/7 security with lobby presence. The building includes a subterranean parking garage with valet service, along with on-site bicycle parking. Additional conveniences on-site include a gourmet coffee offering and full-service banking, supporting day-to-day business operations.

The property is positioned for transit access, with direct access to MAX light rail and major bus lines. It is also described as being steps from hotels, business services, essential retail, and a range of nearby restaurants and services. Pacwest is identified as an anchor of the downtown community.

This location and amenity set can support a broad range of office users who value reliable building security, conference space for meetings, and structured parking with valet, plus strong connections to public transportation via MAX and bus routes. The property is also registered for LEED certification, aligning with sustainability-focused tenant requirements where applicable.

Key Highlights

  • Office space for lease in Portland’s Central Business District with immediate access to MAX light rail and major bus lines
  • 24/7 security with lobby presence
  • Subterranean parking garage with valet service

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Matusick Aaron Z Law Firm KXL Radio Station Waldron Jay T Law Firm Radio Northwest Radio Station Pacwest Center Business Service Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Butcher Pet Grooming Service Buffet Veterinary Clinic

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

11,484
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, OR

$22.32 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,844 SF
Avg Space Size

This space is priced 3% above the average of $22.32 /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

Frequently Asked Questions

What type of property is this?
Office unit - Office suite with direct MAX and bus access, 24/7 security, conference facilities, and subterranean parking with valet service.
Where is this office unit located?
The property is located at 1211 SW 5th Ave Portland, OR.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Office space for lease in Portland’s Central Business District with immediate access to MAX light rail and major bus lines; 24/7 security with lobby presence; Subterranean parking garage with valet service
More about this property
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