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Historic Office Building in Portland

617-635 SW Morrison St, Portland, OR

For Lease
Contact for pricing

Prime location, modernized, and Fitwell & EnergyStar certified office building.

Space Size3,742 SF - 185,000 SF
Lot Size0.34 Acres
Days on Market559

Property Features for 617-635 SW Morrison St

General Information

Standard status Active
Size 3,742 SF - 185,000 SF
Lot size 0.34 Acres
Property subtype OFFICE

Site & Location

Neighborhood Buckman Community Association

Spaces For Lease

at 617-635 SW Morrison St Contact us

American Bank Building AVAILABLE, 30 Days

Floor 8
Size 10,684 SF
Type OFFICE
Rate Contact for pricing
Sublease Yes
- Plug N’ Play Sublease on the 8th Floor - Full floor opportunity, 10,684 RSF - $24.00/SF FSG - Sublease term through 9/30/2023 - Mostly open floor plan with five office/huddle rooms, large classroom style conference room, three medium conference rooms - Reception area with creative finishes - Above standard kitchen & break area - Building amenities include a newly remodeled lobby and restrooms, fitness facility and showers, and indoor bike storage - Access to TriMet MAX directly in front of building.
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617 - 635 SW Morrison St AVAILABLE, Now

Floor 1
Size 185,000 SF
Type OFFICE
Rate Contact for pricing
Lease Type OTHER
Sublease No
Contact us

617 - 635 SW Morrison St $25/SF/Yr

Floor 12
Size 6,661 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- The American Bank Building is in a prime location situated across Pioneer Square, also known as “Portland’s Living Room.” - It offers convenient transit options such as the TriMed MAX line and the Nike Bike Town Bicycle program. - This 185,000 square foot historic office building, now Fitwell and EnergyStar certified, has seen substantial modernization with nearly $10M invested in capital upgrades. - Renovations include key amenities such as fitness & bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety and upgraded HVAC systems. - The American Bank Building is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.
Contact us

617 - 635 SW Morrison St $30/SF/Yr

Floor 13
Size 11,618 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- The American Bank Building is in a prime location situated across Pioneer Square, also known as “Portland’s Living Room.” - It offers convenient transit options such as the TriMed MAX line and the Nike Bike Town Bicycle program. - This 185,000 square foot historic office building, now Fitwell and EnergyStar certified, has seen substantial modernization with nearly $10M invested in capital upgrades. - Renovations include key amenities such as fitness & bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety and upgraded HVAC systems. - The American Bank Building is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.
Contact us

617 - 635 SW Morrison St $25/SF/Yr

Floor 4
Size 11,901 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- The American Bank Building is in a prime location situated across Pioneer Square, also known as “Portland’s Living Room.” - It offers convenient transit options such as the TriMed MAX line and the Nike Bike Town Bicycle program. - This 185,000 square foot historic office building, now Fitwell and EnergyStar certified, has seen substantial modernization with nearly $10M invested in capital upgrades. - Renovations include key amenities such as fitness & bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety and upgraded HVAC systems. - The American Bank Building is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.
Contact us

617 - 635 SW Morrison St $25/SF/Yr

Floor 8
Size 11,491 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- The American Bank Building is in a prime location situated across Pioneer Square, also known as “Portland’s Living Room.” - It offers convenient transit options such as the TriMed MAX line and the Nike Bike Town Bicycle program. - This 185,000 square foot historic office building, now Fitwell and EnergyStar certified, has seen substantial modernization with nearly $10M invested in capital upgrades. - Renovations include key amenities such as fitness & bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety and upgraded HVAC systems. - The American Bank Building is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.
Contact us

617 - 635 SW Morrison St $25/SF/Yr

Floor 9
Size 3,742 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- The American Bank Building is in a prime location situated across Pioneer Square, also known as “Portland’s Living Room.” - It offers convenient transit options such as the TriMed MAX line and the Nike Bike Town Bicycle program. - This 185,000 square foot historic office building, now Fitwell and EnergyStar certified, has seen substantial modernization with nearly $10M invested in capital upgrades. - Renovations include key amenities such as fitness & bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety and upgraded HVAC systems. - The American Bank Building is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.
Contact us

617 - 635 SW Morrison St $25/SF/Yr

Floor 9
Size 7,508 SF
Type OFFICE
Lease Type FULL_SERVICE
Availability AVAILABLE, Now
Sublease No
- The American Bank Building is in a prime location situated across Pioneer Square, also known as “Portland’s Living Room.” - It offers convenient transit options such as the TriMed MAX line and the Nike Bike Town Bicycle program. - This 185,000 square foot historic office building, now Fitwell and EnergyStar certified, has seen substantial modernization with nearly $10M invested in capital upgrades. - Renovations include key amenities such as fitness & bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety and upgraded HVAC systems. - The American Bank Building is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.
Contact us
Listing Agency: Kidder Mathews
Listed By: Carter Mcfarland · License OR #201219966
Source: Moodyscre
Added: May 5, 2025 Changed: Aug 8 Last Checked: Jul 27 at 8:33AM

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 Kidder Mathews

Rey
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Investment Insights

Based on property information with market context.

The American Bank Building, a historic office building with 185,000 square feet, is situated across Pioneer Square. It offers convenient transit options, including the TriMed MAX line and the Nike Bike Town Bicycle program. The building has undergone substantial modernization with nearly $10 million invested in capital upgrades. Renovations include amenities such as fitness and bike storage facilities, lobbies, elevators, restrooms, a new roof, fire/life safety, and upgraded HVAC systems. The building is Fitwell and EnergyStar certified. It is poised to welcome new food and service vendors to join its existing retailers and further activate its amenity base on the ground floor.

Key Highlights

  • Prime location across from Pioneer Square.
  • Substantial modernization with nearly $10M in capital upgrades.
  • Fitwell and EnergyStar certified building.

Property Analytics

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

Current Use

Office buildings

Suggested Use

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

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
$3.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,825
Businesses Nearby
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Portland, OR

$30.56 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
29,438 SF
Avg Space Size

This space is priced 18% below the average of $30.56 /SF/Yr.

Properties on Market for Office buildings 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 building - Prime location, modernized, and Fitwell & EnergyStar certified office building.
Where is this office building located?
The property is located at 617-635 SW Morrison St Portland, OR.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Prime location across from Pioneer Square.; Substantial modernization with nearly $10M in capital upgrades.; Fitwell and EnergyStar certified building.
(503) 449-0592 Call to check price and availability
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