Mixed-Use Retail and Creative
For Lease
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621 SW 5th Ave, Portland, OR 97204
Meier & Frank Building offers street-level retail and creative office space with hotel floors above.
Space Size10,000 SF
Days on Market176
Property Features for 621 SW 5th Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Portland Downtown
Spaces For Lease
at 621 SW 5th Ave
621 SW 5th Ave
AVAILABLE, Now
Floor
1
Size
10,000 SF
Type
RETAIL
Rate
Contact for pricing
Sublease
No
- The Meier & Frank Building, one of Downtown Portland’s most notable structures, is a 16-story condominium interest property with 208,520 rentable square feet. KBS, in conjunction with Sterling Bay, is redeveloping the former Macy’s department store on the first 5 floors of the building into a best-in-class, mixed-use, asset encompassing space that includes street level retail and creative office. Floors 6-16 of the property are home to The Nines Hotel, downtown Portland’s most luxurious hotel including Departure Restaurant & Lounge and Urban Farmer Steakhouse.
- The building’s retail tenants include Bank of America (coming soon) & Muji (top performing US location)
- Kitty-corner to Pioneer Courthouse Square, nicknamed “Portland’s Living Room”, home to many events throughout the year
- Adjacent to the new James Beard Public Market, scheduled to open in 2027
- Across from the epicenter of Portland’s Public Transit System, where all MAX Light Rail lines intersect
- Located among intersections with the highest pedestrian counts in Downtown Portland
- Over 2,000 hotel rooms within two surrounding blocks of the building
Contact us
Listing Agency:
Urban Works Real Estate
(503) 228-3080
Listed By:
Dan Bozich
(503) 228-3135
Source:
Moodyscre
Added: May 7
Changed: Oct 25
Last Checked: Oct 28 at 12:13PM
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 Urban Works Real Estate
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Investment Insights
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The Meier & Frank Building is a 16-story mixed-use condominium interest property with street-level retail and creative office space. Redevelopment is focused on the first five floors, previously associated with the former Macy’s department store, with additional hotel use on floors 6 through 16.
Tenant presence and forthcoming activity include Muji as well as Bank of America coming soon among the building’s retail tenants. The building is located kitty-corner to Pioneer Courthouse Square and adjacent to the James Beard Public Market, scheduled to open in 2027. It is also positioned across from the downtown core of Portland’s public transit system where MAX Light Rail lines intersect, within an area described as having some of the highest pedestrian counts in the downtown.
Hotel operations occupy floors 6 through 16 under The Nines Hotel, which includes on-site dining venues such as Departure Restaurant & Lounge and Urban Farmer Steakhouse.
Tenant presence and forthcoming activity include Muji as well as Bank of America coming soon among the building’s retail tenants. The building is located kitty-corner to Pioneer Courthouse Square and adjacent to the James Beard Public Market, scheduled to open in 2027. It is also positioned across from the downtown core of Portland’s public transit system where MAX Light Rail lines intersect, within an area described as having some of the highest pedestrian counts in the downtown.
Hotel operations occupy floors 6 through 16 under The Nines Hotel, which includes on-site dining venues such as Departure Restaurant & Lounge and Urban Farmer Steakhouse.
Key Highlights
- Meier & Frank Building is a 16‑story property with 208,520 rentable SF of condominium interest
- Redevelopment includes street‑level retail and creative office space on the first 5 floors
- Floors 6–16 are The Nines Hotel, including Departure Restaurant & Lounge and Urban Farmer Steakhouse
Property Analytics
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Current Use
Lease Details
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Location Intelligence
Trade Area within ½ mile
12,966
Businesses Nearby
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Business Placement
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
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Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Mixed-use property - Meier & Frank Building offers street-level retail and creative office space with hotel floors above.
Where is this mixed-use property located?
The property is located at 621 SW 5th Ave Portland, OR.
What are key features of this property?
This property features: Meier & Frank Building is a 16‑story property with 208,520 rentable SF of condominium interest; Redevelopment includes street‑level retail and creative office space on the first 5 floors; Floors 6–16 are The Nines Hotel, including Departure Restaurant & Lounge and Urban Farmer Steakhouse
