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Renovated Creative Flex Workspace
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226 SE Madison St, Portland, OR 97214

Renovated building converted from two industrial warehouses into modern workspaces for office, artist, and makerspace use.

Property Size724 SF
Days on Market244

Property Features for 226 SE Madison St

General Information

Standard status Active
Size 724 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Apex Real Estate Partners
Listed By: Max Schlesinger
Source: Moodyscre
Added: Dec 1, 2025 Changed: Jul 26 Last Checked: Aug 1 at 7:36AM

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 Apex Real Estate Partners

Investment Insights

Based on property information with market context.

This factor building has undergone extensive renovation, transforming two industrial warehouses into one new building with modern workspaces throughout. The available spaces offer a range of workday configurations, including options described as innovative office space as well as artist and industrial makerspace.

The property is located at 226 SE Madison St in Portland, Oregon. It’s positioned within the central eastside industrial district, supporting a creative and collaborative tenant environment within the building.

For tenants seeking a renovated, adaptable space that blends office and makerspace characteristics, this building’s reconfigured layout provides a contemporary alternative to traditional warehouse space.

Key Highlights

  • Extensively renovated building converted from two industrial warehouses into one modern workspaces building
  • Features modern workspaces suitable for office use
  • Includes spaces for artist use

Property Analytics

Current Use

Narwhal Nonprofit Consulting Law Firm PDX Pedicab Brewery, ... Travel Agency Maldon Meehan Irish ... Training Center The Factor Building Industrial Manufacturer Rational Unicorn Legal ... Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Veterinary Clinic Supermarket Mobile Phone Store

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

2,465
Businesses Nearby
Under-served
Demand for This Use

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

$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

  • Bar & Bowtie — 2152 s harbor pl, portland, or 97201
  • Ingallina's Box Lunch — 2833 SE 15th Ave, Portland, OR 97202
  • ChefStable Catering — 2136 SE 8th Ave, Portland, OR 97214, United States
  • Sugar Street Catering — 3334, 1430 SE Water Ave #102, Portland, OR 97214
  • Trailhead Coffee Roasters — 350 SE Mill St, Portland, OR 97214

Frequently Asked Questions

What type of property is this?
Flex space - Renovated building converted from two industrial warehouses into modern workspaces for office, artist, and makerspace use.
Where is this flex space located?
The property is located at 226 SE Madison 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: Extensively renovated building converted from two industrial warehouses into one modern workspaces building; Features modern workspaces suitable for office use; Includes spaces for artist use
(503) 407-9011 Call to check price and availability
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