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Downtown Portland Office Space Rental
For Lease
$28.50 SF/Yr

1618 SW 1st Avenue, Portland, OR 97201

Office space in downtown Portland with river and mountain views.

Space Size738 SF - 10,405 SF
Property Size159,000 SF
Days on Market318

Property Features for 1618 SW 1st Avenue

General Information

Standard status Active
Size 738 SF - 10,405 SF
Class B
Property subtype Office - General Office

Building Details

Building Size 159,000 SF
Year Built 1967

Spaces For Lease

at 1618 SW 1st Avenue Contact us

#200 $28.50/SF/Yr

Size 1,887 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#215 $28.50/SF/Yr

Size 5,362 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#220 $28.50/SF/Yr

Size 1,944 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#300 $28.50/SF/Yr

Size 3,806 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#305 $28.50/SF/Yr

Size 7,066 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#319 $28.50/SF/Yr

Size 738 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#403 $28.50/SF/Yr

Size 1,859 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#405 $28.50/SF/Yr

Size 1,059 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#450 $28.50/SF/Yr

Size 9,698 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us

#500 $28.50/SF/Yr

Size 10,405 SF
Type General Office
Lease Type Full Service
Availability Immediate
Sublease No
Renewal Option Yes
Contact us
Listing Agency: CBRE
Listed By: Joe Beehler · License #200407253
Source: Commercialcafe
Added: Nov 22, 2025 Changed: Oct 5 Last Checked: Oct 5 at 3:14PM

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 CBRE

Investment Insights

Based on property information with market context.

Riviera Plaza offers office spaces within a setting that combines business and leisure. The property features garden settings and is located near shops, services, restaurants, and seasonal venues. It provides views of the Willamette River and Mt. Hood. Situated in downtown Portland, the location allows for work, recreation, and social interaction. The building features mid-century modern architecture and mature landscaping. Transportation options include easy access to freeways, adjacency to the MAX Orange Line, and proximity to the Portland Streetcar. Parking is available at a ratio of 2.00 spaces per 1,000 square feet. The property offers a total size of 43867 square feet.

Key Highlights

  • Great views of the Willamette River and downtown Portland
  • Located in the heart of downtown Portland near shops, services, restaurants and seasonal venues
  • Adjacent to MAX Orange Line and Portland Streetcar

Property Analytics

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Current Use

Learning.com (Bike/Boat/Book/etc) Store Versa-Steel Inc. Factory West Coast Seafood ... Association Or Organization Cannabis Stocks Financial Advisor HomeStreet Home Loan ... Bank

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Buffet Locksmith Butcher

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
$4.27 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,613
Businesses Nearby

Demographics for 97201, OR

17,352
Population
10,748
Households
1.6
Avg Household Size
34
Median Age
67%
College-Educated
95%
High-School Grad
1.9 sq mi
ZIP Area
9,133
Density / Sq Mi
$67,074
Median Household Income
$48,101
Median Earnings
$1,565
Median Rent
$648,400
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

$22.37 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,734 SF
Avg Space Size

This space is priced 27% above the average of $22.37 /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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Frequently Asked Questions

What type of property is this?
Office units - Office space in downtown Portland with river and mountain views.
Where is this office units located?
The property is located at 1618 SW 1st Avenue Portland, OR.
What is the lease rate?
The lease rate is $28.50 SF/Yr.
What are key features of this property?
This property features: Great views of the Willamette River and downtown Portland; Located in the heart of downtown Portland near shops, services, restaurants and seasonal venues; Adjacent to MAX Orange Line and Portland Streetcar
More about this property
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