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Historic Office Building in Portland
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617-635 SW Morrison St, Portland, OR

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

Space Size3,742 SF - 185,000 SF
Lot Size0.34 Acres
Days on Market466

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

Spaces For Lease

at 617-635 SW Morrison St Contact us

American Bank Building

Floor
8
Size
10,684 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, 30 Days
Sublease
Yes
- Plug N’ Play Sublease on the 8th Floor - Full floor opportunity, 10,684 RSF -...
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617 - 635 SW Morrison St

Floor
1
Size
185,000 SF
Type
OFFICE
Rate
Contact for pricing
Lease Type
OTHER
Availability
AVAILABLE, Now
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,...
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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,...
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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,...
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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,...
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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,...
show more
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,...
show more
Contact us
Listing Agency: Kidder Mathews
Listed By: Carter Mcfarland · License #OR201219966
Source: Moodyscre
Added: May 5, 2025 Changed: Aug 8 Last Checked: Aug 8 at 5:00AM

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

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

Current Use

Office buildings

Suggested Use

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

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

Market

Lease Benchmarks for Portland, OR

$34.07 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,106 SF
Avg Space Size

This space is priced 27% below the average of $34.07 /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
Questions? Ask Rey
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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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