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New Spec Office Suite with Conference Rooms

421 SW 6th Ave, Portland, OR 97204

For Lease
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New spec office suite offers large windows with natural light, multiple conference rooms, and a kitchenette.

Space Size7,295 SF
Days on Market603

Property Features for 421 SW 6th Ave

General Information

Standard status Active
Size 7,295 SF
Property subtype OFFICE
Lease Type Full Service

Site & Location

Neighborhood Portland Downtown

Amenities

conference rooms
kitchenette
jewel box lobby with original Pietro Belluschi mural
rooftop deck
on-site retail support
fitness area with showers and lockers

Building Details

Year Built 1948
Construction aluminum and glass

Spaces For Lease

at 421 SW 6th Ave
Commonwealth Building $29/SF/Yr
Floor 13
Size 7,295 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease Yes
- Portland’s famous Commonwealth Building offers contemporary design and modern amenities not often seen in offices within this price range. - Fully technology-equipped conference facilities - Large rooftop lounge with kitchen to host meetings and events - Adjacent landscaped, rooftop patio and outdoor fireplace - Two 1st floor huddle rooms - Workout facility and locker rooms - Bike park - Basement Storage Available - Multiple Max line stops on 5th and 6th Avenues - Two blocks to Pioneer Square - 2 Executive Offices - 6 Private Offices - 2 Conference Rooms - Fully Equipped Kitchen - Outdoor Patio - Sound Booth - Fully Furnished including: - 22 Herman Miller sit/stand desks - 85” Plasma TV
Contact us
Listing Agency: Cushman & Wakefield | Portland
Listed By: Doug Deurwaarder
Source: Moodyscre
Added: Mar 21, 2025 Changed: Nov 10 Last Checked: Nov 12 at 10:44AM

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 Cushman & Wakefield | Portland

Rey
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Investment Insights

Based on property information with market context.

A new spec office suite within The Commonwealth Building offers an efficient open area plus multiple conference rooms, a kitchenette, and a prominent “jewel box” lobby featuring an original Pietro Belluschi mural. The suite includes an extensive window line with glass to ceiling, designed to bring in substantial natural light, and a unique aluminum and glass exterior skin.

The Commonwealth Building was built in 1948 and designed by architect Pietro Belluschi. Additional on-site amenities include rooftop deck space and a fitness area with showers and lockers, along with on-site retail support.

The building’s modern architectural character is a standout feature for tenants seeking a distinctive workplace setting, balanced with day-to-day functionality such as conference space, open work areas, and support amenities.

Key Highlights

  • 6,429 SF new spec office suite
  • Extensive glass‑to‑ceiling window line for substantial natural light
  • Multiple conference rooms plus efficient open area

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Green Sports Alliance Charitable Organization Shaw Law Group Law Firm National Fish and Wildlife ... Charitable Organization NV5 Geospatial IT Consulting Firm

Suggested Use

Top Pick Veterinary Clinic Nursing Home Tanning Salon Buffet Electrical Service (Bike/Boat/Book/etc) 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
$4.35 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,966
Businesses Nearby

Demographics for 97204, OR

1,001
Population
441
Households
2.3
Avg Household Size
40
Median Age
14%
College-Educated
90%
High-School Grad
0.2 sq mi
ZIP Area
5,005
Density / Sq Mi
$16,875
Median Earnings
$783
Median Rent
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, OR

$22.18 /SF/Yr
Avg Asking Price
$1.71–$37 /SF/Yr
Price Range
12,897 SF
Avg Space Size

This space is priced 31% above the average of $22.18 /SF/Yr.

Properties on Market for Office Units in Portland

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Office unit - New spec office suite offers large windows with natural light, multiple conference rooms, and a kitchenette.
Where is this office unit located?
The property is located at 421 SW 6th Ave Portland, OR.
What is the lease rate?
The lease rate is $29 SF/Yr.
What are key features of this property?
This property features: 6,429 SF new spec office suite; Extensive glass‑to‑ceiling window line for substantial natural light; Multiple conference rooms plus efficient open area
(503) 317-2176 Call to check price and availability
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