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

Landmark office building in Portland's Central Business District.

Space SizeContact for details
Days on Market141

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: Mar 25 Changed: Aug 9 Last Checked: Aug 12 at 9:07AM

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 one of Portland’s most important commercial structures and was named among the fifty most significant buildings constructed in the United States during the 1900s. The property features a jewel box lobby showcasing an original Pietro Belluschi mural, extensive window lines with floor-to-ceiling glass, and a unique aluminum and glass exterior. The building offers on-site retail support and a fitness area equipped with showers and lockers. The property is located in the Central Business District.

Key Highlights

  • Architecturally significant building designed by Pietro Belluschi, named one of the 50 most significant US buildings of the 1900s.
  • Jewel box lobby with original Pietro Belluschi mural.
  • Extensive window line with glass to ceiling.

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 - Landmark office building in Portland's Central Business District.
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: Architecturally significant building designed by Pietro Belluschi, named one of the 50 most significant US buildings of the 1900s.; Jewel box lobby with original Pietro Belluschi mural.; Extensive window line with glass to ceiling.
More about this property
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