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First-Floor Flex Office Space
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1532 SW Morrison St, Portland, OR 97205

First-floor flex space with elevator access, high ceilings, hardwood floors, and a flexible layout across two adjacent suites.

Space Size5,479 SF
Days on Market178

Property Features for 1532 SW Morrison St

General Information

Standard status Active
Size 5,479 SF
Property subtype OFFICE
Lease Type Modified Gross

Spaces For Lease

at 1532 SW Morrison St Contact us

Irwin Paul Building $20/SF/Yr

Floor
1
Size
5,479 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
- Stunning First Floor Flex Space - Secure Lobby, Elevator Served - High Ceilings,...
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Listing Agency: Debbie Thomas Real Estate
Listed By: Debbie Thomas
Source: Moodyscre
Added: Mar 24 Changed: Sep 16 Last Checked: Sep 16 at 8:52PM

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 Debbie Thomas Real Estate

Investment Insights

Based on property information with market context.

This first-floor flex space offers a secure lobby with elevator service and a flexible floor plan designed to accommodate a variety of office and light industrial needs. The interior features high ceilings and hardwood floors, with two separate, adjacent spaces that can operate together or independently. The space includes three restrooms, including one private restroom with a shower, as well as a full kitchen with a break area.

The building also provides secure garage parking along with additional storage. Public transit access is supported by being on the MAX line, and the property is described as within blocks of Providence Park and the MAX station.

Overall, the configuration is well-suited for tenants seeking a secure, functional ground-level suite with multiple rooms, support amenities, and convenient transit proximity.

Key Highlights

  • First‑floor flex space with elevator service and secure lobby
  • Two separate, adjacent spaces with a gracious, flexible floor plan
  • High ceilings and hardwood floors throughout the flex space

Property Analytics

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Current Use

Allied Works Architecture ... Architect Astoria Capital Management ... Financial Advisor Anr Development Construction Company

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Buffet Tanning Salon Butcher Nursing Home 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
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,621
Businesses Nearby
Balanced
Demand for This Use

Demographics for 97205, OR

8,593
Population
6,727
Households
1.3
Avg Household Size
39
Median Age
61%
College-Educated
97%
High-School Grad
0.9 sq mi
ZIP Area
9,548
Density / Sq Mi
$58,943
Median Household Income
$51,002
Median Earnings
$1,381
Median Rent
$693,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, OR

$15.82 /SF/Yr
Avg Asking Price
$2.07–$23 /SF/Yr
Price Range
13,795 SF
Avg Space Size

This space is priced 26% above the average of $15.82 /SF/Yr.

Vacancy Rate% for Industrial in Portland, OR

3.4% 2019
4.1% 2020
2.5% 2021
2.1% 2022
4.2% 2023
5.5% 2024
6.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - First-floor flex space with elevator access, high ceilings, hardwood floors, and a flexible layout across two adjacent suites.
Where is this flex space located?
The property is located at 1532 SW Morrison St Portland, OR.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: First‑floor flex space with elevator service and secure lobby; Two separate, adjacent spaces with a gracious, flexible floor plan; High ceilings and hardwood floors throughout the flex space
(503) 226-2141 Call to check price and availability
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