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Office Building with Retail Level
For Lease
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621 SW 5th Ave, Portland, OR 97204

For rent in Portland, this building includes a reinvigorated retail level and shared amenity spaces for tenants.

Space Size27,160 SF
Days on Market1785

Property Features for 621 SW 5th Ave

General Information

Standard status Active
Size 27,160 SF
Property subtype OFFICE

Additional Details

Business Included No

Amenities

artfully redesigned entry
lobby
upscale lounge area
state-of-the-art fitness center
modern conference and meeting center
secure bike storage

Spaces For Lease

at 621 SW 5th Ave Contact us

621 SW 5th Ave

Floor
3
Size
27,160 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
Yes
- In addition to a re-invigorated retail level, tenants will have access to over...
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Contact us
Listing Agency: CBRE | Portland
Listed By: Thomas Fellman
Source: Moodyscre
Added: Oct 26, 2021 Changed: Sep 4 Last Checked: Sep 14 at 6:57AM

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.

This office building offers a reinvigorated retail level and tenant access to more than 14,000 square feet of shared amenities. The amenity program includes a redesigned entry, lobby, and lounge area, along with a fitness center, a modern conference and meeting center, and secure bike storage.

Located at 621 SW 5th Ave in Portland, the building combines office space with an active retail component on its ground level, supported by the on-site tenant amenity spaces.

Key Highlights

  • Shared tenant amenities total over 14,000 SF, including an artfully redesigned entry, lobby, and upscale lounge area
  • State‑of‑the‑art fitness center included in the shared amenity space
  • Modern conference and meeting center available for tenants

Property Analytics

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Current Use

Cannabis Stock Investments Financial Advisor Blue Hill Robot ... Cafe & Coffee Shop Artly Coffee @ MUJI ... Cafe & Coffee Shop MUJI Portland Clothing Store

Suggested Use

Top Pick Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Buffet Daycare Center

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Portland, OR

$30.15 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
23,612 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 - For rent in Portland, this building includes a reinvigorated retail level and shared amenity spaces for tenants.
Where is this office building located?
The property is located at 621 SW 5th Ave Portland, OR.
What are key features of this property?
This property features: Shared tenant amenities total over 14,000 SF, including an artfully redesigned entry, lobby, and upscale lounge area; State‑of‑the‑art fitness center included in the shared amenity space; Modern conference and meeting center available for tenants
(503) 221-4867 Call to check price and availability
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