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Remodeled Waterfront-View Office Units
For Lease
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1500 SW 1st Ave, Portland, OR 97201

Plug-and-play office suites offer natural light, on-site fitness amenities, and attached parking.

Space Size11,156 SF
Days on Market573

Property Features for 1500 SW 1st Ave

General Information

Standard status Active
Size 11,156 SF
Property subtype OFFICE

Additional Details

Furnished Yes

Amenities

24 hour security
fitness center

Building Details

Year Renovated 2023
Parking Ratio 3 per 1,000 SF

Spaces For Lease

at 1500 SW 1st Ave
1500 SW 1st Ave AVAILABLE, Now
Floor 11
Size 11,156 SF
Type OFFICE
Rate Contact for pricing
Sublease Yes
- Plug and Play Opportunity! - Across from Waterfront Park - Newly remodeled as of December 2023 - Abundance of natural light with stunning 270° degree views - New furniture, desks, appliances, computer accessories (negotiable) - 24 hour security - Fitness center on-site - Attached parking 3/1,000 SF
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Listing Agency: Cresa | Portland
Listed By: Summer Blasquez · License #200205204
Source: Moodyscre
Added: Mar 26, 2025 Changed: Oct 12 Last Checked: Oct 19 at 7:25AM

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 Cresa | Portland

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Investment Insights

Based on property information with market context.

Remodeled office units totaling 11,156 square feet provide a plug-and-play workspace with abundant natural light and 270° views. The property was newly remodeled as of December 2023, with new furniture, desks, appliances, and computer accessories available for negotiation. The office environment also includes 24-hour security and an on-site fitness center.

Located across from Waterfront Park at 1500 SW 1st Ave in Portland, the property includes attached parking at a ratio of 3 spaces per 1,000 square feet. The combination of furnished workspace, building amenities, and a waterfront-facing setting supports efficient office occupancy without requiring a full buildout.

Key Highlights

  • 11,156 square feet of office units
  • Newly remodeled as of December 2023
  • Abundant natural light with 270° views

Property Analytics

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Open 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 Auto Parts Store Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Tanning Salon Electrical Service

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

9,552
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Portland, OR

$22.32 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,844 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

Frequently Asked Questions

What type of property is this?
Office unit - Plug-and-play office suites offer natural light, on-site fitness amenities, and attached parking.
Where is this office unit located?
The property is located at 1500 SW 1st Ave Portland, OR.
What are key features of this property?
This property features: 11,156 square feet of office units; Newly remodeled as of December 2023; Abundant natural light with 270° views
(503) 334-0746 Call to check price and availability
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