LEED Gold Creative
For Lease
Contact for pricing
1515 SE Water Ave, Portland, OR 97214
Renovated warehouse setting with sustainable stormwater systems and durable sealed concrete, carpeting, and ceramic tile finishes.
Space Size16,850 SF
Days on Market633
Property Features for 1515 SE Water Ave
General Information
Standard status
Active
Size
16,850 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Space Use
Creative Office
Highway Access
Yes
Amenities
Bike Storage
Energy Star
Showers
LEED GOLD
River and City Views
EV Chargers
Building Details
Year Built
1952
Year Renovated
2006
Parking Ratio
1.5 per 1,000 SF
Spaces For Lease
at 1515 SE Water Ave Contact us- Floor
- 1
- Size
- 16,850 SF
- Type
- OFFICE
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
1515 SE Water Ave
- River East Center is a premier creative office and retail property located on the...
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Listing Agency:
Lincoln Property Company | Portland
(916) 716-9534
Listed By:
Lee Morrison
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Aug 8
Last Checked: Aug 9 at 4:42AM
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 Lincoln Property Company | Portland
Investment Insights
Based on property information with market context.
River East Center is a 16,850-square-foot creative space in a renovated warehouse originally constructed in 1952 and renovated in 2006. Interior finishes include sealed concrete, carpeting, and ceramic tile. The property is LEED Gold certified for Core and Shell and includes sustainable stormwater systems, including a gravel channel at the base of the building that collects runoff and helps prevent sewer overflows into the Willamette River.
Located at 1515 SE Water Ave in Portland, the property is adjacent to the Hawthorne Bridge and offers river and city views. Building amenities include bike storage, showers, Energy Star features, and 8 EV chargers. Access is provided to Portland’s CBD, I-405, I-5, and I-84. The property maintains a 100% occupancy rate, with rents increasing 3% annually on average.
Located at 1515 SE Water Ave in Portland, the property is adjacent to the Hawthorne Bridge and offers river and city views. Building amenities include bike storage, showers, Energy Star features, and 8 EV chargers. Access is provided to Portland’s CBD, I-405, I-5, and I-84. The property maintains a 100% occupancy rate, with rents increasing 3% annually on average.
Key Highlights
- 16,850‑square‑foot creative space in a warehouse originally constructed in 1952 and renovated in 2006
- LEED GOLD certified for Core and Shell with Energy Star features
- Sustainable stormwater systems include a gravel channel that collects runoff
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
5,927
Businesses Nearby
Explore this area
Business Placement
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
$19.68 /SF/Yr
Avg Asking Price
$1.23–$32 /SF/Yr
Price Range
13,209 SF
Avg Space Size
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Renovated warehouse setting with sustainable stormwater systems and durable sealed concrete, carpeting, and ceramic tile finishes.
Where is this creative space located?
The property is located at 1515 SE Water Ave Portland, OR.
What are key features of this property?
This property features: 16,850‑square‑foot creative space in a warehouse originally constructed in 1952 and renovated in 2006; LEED GOLD certified for Core and Shell with Energy Star features; Sustainable stormwater systems include a gravel channel that collects runoff
