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Turn-Key Second-Generation Office
For Lease
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1500 SW 1st Ave, Portland, OR 97201

Turn-key office space with newly renovated lobby, common areas, and elevators, plus 24/7 security and abundant on-site parking.

Space Size4,087 SF
Days on Market506

Property Features for 1500 SW 1st Ave

General Information

Standard status Active
Size 4,087 SF
Property subtype RETAIL

Additional Details

Business Included No

Amenities

newly renovated lobby
common spaces
elevators
24/7 security
abundant on-site parking

Spaces For Lease

at 1500 SW 1st Ave Contact us

Crown Plaza

Floor
1
Size
4,087 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Turn-key second generation office/service space - Newly renovated lobby, common...
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Listing Agency: Commercial Realty Advisors Northwest LLC
Listed By: Ashley Heichelbech · License #200509097
Source: Moodyscre
Added: Mar 26, 2025 Changed: Aug 8 Last Checked: Aug 13 at 3:19AM

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 Commercial Realty Advisors Northwest LLC

Investment Insights

Based on property information with market context.

This turn-key second-generation office/service space includes a newly renovated lobby, common spaces, and elevators. The building supports secure operations with 24/7 security, and it is positioned to serve established office tenants.

On-site parking is available for both visitors and employees, including 3/1,000 parking, with additional space potentially available on a month-to-month basis.

The property is offered for rent and currently features multiple ongoing tenants, including The Oregonian Media Group, Adobe, PSU, and Pacific Source.

Key Highlights

  • Turn‑key second generation office/service space
  • Newly renovated lobby, common areas, and elevators
  • Join current tenants including The Oregonian Media Group, Adobe, PSU, and Pacific Source

Property Analytics

Current Use

O'Connor Weber LLC Law Firm Kuzma Law, LLC Law Firm Steve Norman Law ... Law Firm Bridgetown Physical Therapy ... Medical Clinic Philip M. Lebenbaum Law Firm

Suggested Use

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

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

9,703
Businesses Nearby

Demographics for 97201, OR

17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
Median Home Value

Market

Lease Benchmarks for Portland, OR

$20.96 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,434 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
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Turn-key office space with newly renovated lobby, common areas, and elevators, plus 24/7 security and abundant on-site parking.
Where is this office units located?
The property is located at 1500 SW 1st Ave Portland, OR.
What are key features of this property?
This property features: Turn‑key second generation office/service space; Newly renovated lobby, common areas, and elevators; Join current tenants including The Oregonian Media Group, Adobe, PSU, and Pacific Source
(503) 490-7212 Call to check price and availability
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