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Single Tenant Office Space
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1510 SE Water Ave, Portland, OR 97214

Office space available for single tenant occupancy.

Space Size39,549 SF
Days on Market298

Property Features for 1510 SE Water Ave

General Information

Standard status Active
Size 39,549 SF
Class A
Property subtype Office
Lease Type Full Service

Building Details

Building Size 39,549 SF
Year Built 2015
Tenancy Single

Spaces For Lease

at 1510 SE Water Ave Contact us

Full Building

Size
39,549 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Cresa Washington DC
Listed By: Sean Connors · License #OR
Source: Crexi
Added: Oct 29, 2025 Changed: Aug 8 Last Checked: Aug 21 at 4:30PM

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 Washington DC

Investment Insights

Based on property information with market context.

This commercial real estate offers 39,549 square feet of office space suitable for a single tenant.

Key Highlights

  • Single tenant office building
  • Size: 39,549 SqFt
  • Built in 2015

Property Analytics

Current Use

Groundwire Corporate Office Technology Center Corporate Office

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Veterinary Clinic Mobile Phone Store Supermarket

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
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,927
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

$34.07 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,474 SF
Avg Space Size

This space is priced 32% below the average of $34.07 /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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office space available for single tenant occupancy.
Where is this office building located?
The property is located at 1510 SE Water Ave Portland, OR.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Single tenant office building; Size: 39,549 SqFt; Built in 2015
More about this property
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