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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.

Property Size5,479 SF
Days on Market132

Property Features for 1532 SW Morrison St

General Information

Standard status Active
Size 5,479 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Debbie Thomas Real Estate
Listed By: Debbie Thomas
Source: Moodyscre
Added: Mar 24 Changed: Jul 27 Last Checked: Aug 2 at 11:27AM

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

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

Market

Lease Benchmarks for Portland, OR

$68.48 /SF/Yr
Avg Asking Price
$10.2–$141 /SF/Yr
Price Range
8,339 SF
Avg Space Size

This space is priced 71% below the average of $68.48 /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
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Similar Off Market Nearby

  • The Edible Life Personal Chef Services — 807 SW Green Ave, Portland, OR 97205, United States
  • Crown Paella — 2174 W Burnside St, Portland, OR 97210
  • Jake's Catering — 614 SW 11th Ave, Portland, OR 97205
  • Temaki Sushi Catering — 851 SW 6th Ave, Portland, OR 97204
  • Salted Stone — Portland, OR 97204

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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