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Creative Office and Retail Building
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107 SE Washington St, Portland, OR 97214

Historic 1920 building updated for modern systems, offering creative office, tech flex, and retail space with parking.

Property Size1,842 SF
Days on Market1287

Property Features for 107 SE Washington St

General Information

Standard status Active
Size 1,842 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Capacity Commercial Group
Listed By: Michelle Rozakis · License #200403266
Source: Moodyscre
Added: Jan 23, 2023 Changed: Jul 27 Last Checked: Aug 2 at 2:29PM

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 Capacity Commercial Group

Investment Insights

Based on property information with market context.

Creative office, tech flex, and retail space available for immediate lease at Olympic Mills Commerce Center, a historic 1920 property fully updated in 2008 to modern mechanical, structural, and technological standards. The building includes seven floors above a basement with parking, along with preserved original beams and industrial finishes, re-milled hardwoods, polished concrete floors, and light-filled interior courtyards. Interiors also feature 14'–16' ceilings, new HVAC and lighting, and access to a rooftop deck, with additional rooftop patio space described as offering downtown Portland views.

Amenities include on-site parking, bicycle storage, and a fitness center with shower facilities. Common areas are furnished and supported by shared conference rooms and common area WiFi. The building also offers an on-site restaurant, a shared kitchen, on-site management, and growth-ready incubator space.

The property is described as walkable to multiple bars, cafes, and restaurants, with the Portland Streetcar Loop located about two blocks away.

Key Highlights

  • Historic 1920 building fully updated in 2008 with modern mechanical, structural, and technological standards for creative office/tech/flex and retail leasing
  • Building includes preserved original beams and industrial finishes, re‑milled hardwoods, and polished concrete floors
  • Light‑filled interiors with 14'–16' ceilings and interior courtyards, plus a rooftop deck/patio with downtown Portland views

Property Analytics

Current Use

Larry J Cavender, ... General Contractor Gunnar Olson - State ... Insurance Agency Ecochallenge.org Charitable Organization Collaborative Business Solutions, ... Accounting Firm Graphic Lime Creative Industrial Manufacturer

Suggested Use

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

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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

7,151
Businesses Nearby

Demographics for 97214, OR

28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value

Market

Lease Benchmarks for Portland, OR

$17.65 /SF/Yr
Avg Asking Price
$1.23–$32 /SF/Yr
Price Range
79,008 SF
Avg Space Size

This space is priced 19% above the average of $17.65 /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
Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Historic 1920 building updated for modern systems, offering creative office, tech flex, and retail space with parking.
Where is this creative space located?
The property is located at 107 SE Washington St Portland, OR.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Historic 1920 building fully updated in 2008 with modern mechanical, structural, and technological standards for creative office/tech/flex and retail leasing; Building includes preserved original beams and industrial finishes, re‑milled hardwoods, and polished concrete floors; Light‑filled interiors with 14'–16' ceilings and interior courtyards, plus a rooftop deck/patio with downtown Portland views
(503) 222-0755 Call to check price and availability
More about this property
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