LEED Gold Creative
1515 SE Water Ave, Portland, OR 97214
For Lease
Contact for pricing
Renovated warehouse setting with sustainable stormwater systems and durable sealed concrete, carpeting, and ceramic tile finishes.
Space Size16,850 SF
Days on Market729
Property Features for 1515 SE Water Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Additional Details
Space Use
Amenities
Bike Storage
Energy Star
Showers
LEED GOLD
River and City Views
EV Chargers
Building Details
Year Built
Year Renovated
Parking Ratio
Spaces For Lease
at 1515 SE Water Ave
1515 SE Water Ave
AVAILABLE, Now
Floor
1
Size
16,850 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- River East Center is a premier creative office and retail property located on the eastside of Portland, Oregon adjacent to the Hawthorne Bridge. Originally constructed in 1952, the abandoned warehouse property was renovated in 2006 and features sustainable stormwater systems that prevent sewer overflows into the Willamette River with a gravel channel located at the base of the building that collects water runoff. Interior finishes include sealed concrete, carpeting, and ceramic tile. River East Center is LEED Gold certified, reflecting the property’s sustainable design principles. On average, the property rents increase 3% annually and maintains a 100% occupancy rate.
- 1.5/1000 parking ratio
- Bike Storage
- Energy Star
- Showers
- LEED GOLD (Core and Shell)
- River and City Views
- 8 EV Chargers
- Excellent access to CBD, I-405, I-5 and I-84
Contact us
Listing Agency:
Lincoln Property Company | Portland
(503) 224-1193
Listed By:
Lee Morrison
(916) 716-9534
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Nov 9
Last Checked: Nov 12 at 10:40AM
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
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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
Who owns this building?
See the owner, sales and loan history
Open 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
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Market
Lease Benchmarks for Portland, OR
$20.78 /SF/Yr
Avg Asking Price
$12–$32 /SF/Yr
Price Range
10,810 SF
Avg Space Size
Properties on Market for Creative space in Portland
Vacancy Rate% for Office in Portland, OR
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
