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Office Building in SE Portland
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2421-2455 SE 11th Ave, Portland, OR 97214

The Allan Building offers office space for lease near the Willamette River and local dining and retail.

Property Size3,424 SF
Days on Market342

Property Features for 2421-2455 SE 11th Ave

General Information

Standard status Active
Size 3,424 SF
Property subtype OFFICE
Lease Type SF/yr
Listing Agency: Macadam Forbes
Listed By: Rod Brokenshire · License ##860500161
Source: Moodyscre
Added: Aug 26, 2025 Changed: Jul 26 Last Checked: Aug 1 at 1:19PM

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 Macadam Forbes

Investment Insights

Based on property information with market context.

This listing features office space in the Allan Building, a commercial property currently offered for lease.

Located at 2421–2455 SE 11th Ave in Portland, the surrounding area provides a range of dining, shopping, and entertainment options within easy reach. Nearby attractions include the Oregon Museum of Science and Industry and the Eastbank Esplanade along the Willamette River. The property’s central setting supports a workday environment with frequent access to everyday amenities and well-known local destinations.

The offering totals 3,424 square feet, providing a defined footprint for companies seeking office space within this active Portland area.

Key Highlights

  • Allan Building offers office space for lease near the Willamette River
  • Located near local dining and retail options
  • Close to the Oregon Museum of Science and Industry

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Pet Grooming Service Mobile Phone Store Butcher (Bike/Boat/Book/etc) Store Supermarket Locksmith

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
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,992
Businesses Nearby

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

$18.37 /SF/Yr
Avg Asking Price
$12–$26 /SF/Yr
Price Range
21,894 SF
Avg Space Size

This space is priced 18% below the average of $18.37 /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
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Frequently Asked Questions

What type of property is this?
Office building - The Allan Building offers office space for lease near the Willamette River and local dining and retail.
Where is this office building located?
The property is located at 2421-2455 SE 11th Ave Portland, OR.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: Allan Building offers office space for lease near the Willamette River; Located near local dining and retail options; Close to the Oregon Museum of Science and Industry
(503) 972-7281 Call to check price and availability
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