NW Portland Office Space
For Lease
Contact for pricing
408 NW 5th Avenue, Portland, OR 97209
Move-in ready office space with flexible lease terms.
Space SizeContact for details
Property Size15,000 SF
Days on Market272
Property Features for 408 NW 5th Avenue
General Information
Standard status
Active
Size
15,000 SF
Property subtype
Office
Zoning
CX - City of Portland
Building Details
Building Size
15,000 SF
Listing Agency:
(503) 896-6286
Listed By:
Clayton Madey, SIOR · License #OR #201727196
(503) 896-6286
Source:
Macadamforbes
Added: Nov 25, 2025
Changed: Aug 23
Last Checked: Aug 24 at 3:56AM
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 Clayton Madey, SIOR
Investment Insights
Based on property information with market context.
This property offers plug-and-play lease opportunities with flexible size options in a prominent location in Northwest Portland. Short and long-term lease options are available. The location is highly visible and accessible, situated on the corner of Northwest 5th Avenue and Northwest Flanders. It provides excellent access to transit and is within walking distance of numerous restaurants and retail amenities. The space is move-in ready, and furniture is available for tenant use. Competitive lease rates are offered.
Key Highlights
- Prominent and highly visible location in NW Portland.
- Flexible lease options available, catering to short and long‑term needs.
- Move‑in ready condition.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
11,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 97209, OR
22,755
Population
16,437
Households
1.4
Avg Household Size
38
Median Age
66%
College-Educated
96%
High-School Grad
1.0 sq mi
ZIP Area
22,755
Density / Sq Mi
$84,059
Median Household Income
$68,731
Median Earnings
$1,669
Median Rent
$573,700
Median Home Value
Market
Lease Benchmarks for Portland, OR
$21.72 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
12,129 SF
Avg Space Size
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Move-in ready office space with flexible lease terms.
Where is this office units located?
The property is located at 408 NW 5th Avenue Portland, OR.
What are key features of this property?
This property features: Prominent and highly visible location in NW Portland.; Flexible lease options available, catering to short and long‑term needs.; Move‑in ready condition.
