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Downtown Portland Retail/Service/Café Space
For Lease
$27 SF/Yr

1221 SW 11th Ave, Portland, OR 97205

Retail spaces available in downtown Portland's West End.

Space Size1,560 SF - 3,326 SF
Property Size224,000 SF
Days on Market203

Property Features for 1221 SW 11th Ave

General Information

Standard status Active
Size 1,560 SF - 3,326 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 224,000 SF
Year Built 2017

Spaces For Lease

at 1221 SW 11th Ave Contact us

Retail 1 $27 – $29/SF/Yr

Size
3,326 SF
Type
Street Retail
Term
Negotiable
Contact us

Retail 2 $27 – $29/SF/Yr

Size
1,560 SF
Type
Street Retail
Term
Negotiable
Contact us

Retail 3 $27 – $29/SF/Yr

Size
1,705 SF
Type
Street Retail
Term
Negotiable
Contact us
Listing Agency:
Listed By: Michelle D. Rozakis · License #OR #200512190
Source: Corfac
Added: Jan 26 Changed: Aug 12 Last Checked: Aug 16 at 4:03AM

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 Michelle D. Rozakis

Investment Insights

Based on property information with market context.

Located in downtown Portland's West End, this mixed-use building, Sky3, features 186 apartment units above ground-floor commercial space. The property is situated on the western end of downtown Portland, three blocks from Portland State University. It is located on a half-block between SW 11th & 12th Avenues and directly on the Portland Streetcar stop for B and NS loops. The ground-floor commercial space has frontage along SW Jefferson Street with over 3,300 vehicles per day. Retail 2 offers 1,560 square feet and Retail 3 provides 1,705 square feet; both are available now. There is potential to combine these suites for a total of 3,265 square feet. Retail 1 offers 3,326 square feet and will be available June 2026. The location provides high-traffic and is steps from retail and dining. Nearby highlights include The Portland Art Museum, Arlene Schnitzer Concert Hall, South Park Blocks, Safeway, Higgins, Southpark Seafood and McMenamins. Sky3 is easily connected with the rest of downtown, the Pearl District, the Northwest District, PSU, the South Waterfront and the eastside.

Key Highlights

  • Prime, high‑traffic location in Downtown Portland's West End, directly on the Portland Streetcar line.
  • Steps from Portland State University (22,000+ students).
  • Potential to combine Retail Suites 2 & 3 for a total of 3,265 RSF.

Property Analytics

Current Use

Sky3 Apartment Building The Penthouse by KaramPDX Hotel & Motel Pearl District Photography ... Photography Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Supermarket Daycare Center Tanning Salon Nursing Home Mobile Phone 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
$4.05 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,785
Businesses Nearby

Demographics for 97205, OR

8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value

Market

Lease Benchmarks for Portland, OR

$23.65 /SF/Yr
Avg Asking Price
$12–$38 /SF/Yr
Price Range
21,687 SF
Avg Space Size

This space is priced 14% above the average of $23.65 /SF/Yr.

Vacancy Rate% for Retail in Portland, OR

4.6% 2019
5.6% 2020
5.2% 2021
4.2% 2022
4.4% 2023
4.7% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail spaces available in downtown Portland's West End.
Where is this retail space located?
The property is located at 1221 SW 11th Ave Portland, OR.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: Prime, high‑traffic location in Downtown Portland's West End, directly on the Portland Streetcar line.; Steps from Portland State University (22,000+ students).; Potential to combine Retail Suites 2 & 3 for a total of 3,265 RSF.
More about this property
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