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.
Property Size10,000 SF
Days on Market85
Property Features for 621 SW 5th Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
RETAIL
Listing Agency:
Urban Works Real Estate
(503) 228-3135
Listed By:
Dan Bozich
(503) 228-3135
Source:
Moodyscre
Added: May 7
Changed: Jul 29
Last Checked: Jul 29 at 11:02AM
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
Investment Insights
Based on property information with market context.
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
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
12,966
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Portland, OR
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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
