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Downtown Portland Office Space Available
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621 SW Alder St, Portland, OR

5,950 RSF office space with high ceilings and natural light.

Space Size275 SF - 8,792 SF
Lot Size0.23 Acres
Days on Market1465

Property Features for 621 SW Alder St

General Information

Standard status Active
Size 275 SF - 8,792 SF
Lot size 0.23 Acres
Property subtype OFFICE
Lease Type Full Service

Spaces For Lease

at 621 SW Alder St Contact us
Name Size Type Rate Availability
615 SW Alder St 5,350 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
621 Electric Bldg 5,646 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
621 Electric Bldg 730 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
621 Electric Bldg 8,000 SF OFFICE Contact for pricing AVAILABLE, Now Contact us
621 Electric Bldg 1,533 SF RETAIL Contact for pricing AVAILABLE, Now Contact us
621 Electric Bldg 8,792 SF OFFICE $21 – $23/SF/Yr AVAILABLE, Now Contact us
621 Electric Bldg 3,007 SF OFFICE $21 – $23/SF/Yr AVAILABLE, Now Contact us
621 Electric Bldg 8,644 SF OFFICE $21 – $23/SF/Yr AVAILABLE, Now Contact us
621 Electric Bldg 315 SF OFFICE $21 – $23/SF/Yr AVAILABLE, Now Contact us
621 Electric Bldg 2,500 SF OFFICE $21 – $23/SF/Yr AVAILABLE, Now Contact us
621 Electric Bldg 275 SF OFFICE $21 – $23/SF/Yr AVAILABLE, Now Contact us
Listing Agency: Menashe Properties
Listed By: Carter Beyl
Source: Moodyscre
Added: Oct 12, 2022 Changed: Oct 1 Last Checked: Oct 12 at 9:05PM

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 Menashe Properties

Investment Insights

Based on property information with market context.

This 5,950 RSF office space is available for rent in downtown Portland. The space features 16’ high ceilings and oversized windows that provide abundant natural light. The floor is secured with elevator access. A dedicated roll-up door and freight elevator are available. Showers are included. Ample hourly, daily, and monthly parking is available at market rates in the connected garage. The property benefits from excellent public transportation access and is within walking distance to numerous amenities.

Key Highlights

  • Central downtown Portland location with excellent public transportation access and walkability to countless amenities.
  • 5,950 RSF available with 16’ high ceilings and abundant natural light from oversized windows.
  • Secured floor with elevator access.

Property Analytics

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Open Analytics

Current Use

Dr. Alisha Moreland Physician Vyshika Willis, L.M.F.T. Counselor Maya M. Ferdschneider, ... Counselor Sheri Hamilton, M.A.C., ... Counselor PixelPool Inc (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Veterinary Clinic Nursing Home Tanning Salon Buffet Electrical Service Daycare Center

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
$3.15 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

12,966
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

$22.46 /SF/Yr
Avg Asking Price
$1.71–$40.6 /SF/Yr
Price Range
13,026 SF
Avg Space Size

This space is priced 6% below the average of $22.46 /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 units - 5,950 RSF office space with high ceilings and natural light.
Where is this office units located?
The property is located at 621 SW Alder St Portland, OR.
What is the lease rate?
The lease rate is $21 SF/Yr.
What are key features of this property?
This property features: Central downtown Portland location with excellent public transportation access and walkability to countless amenities.; 5,950 RSF available with **16’ high ceilings and abundant natural light** from oversized windows.; Secured floor with elevator access.
(503) 505-7120 Call to check price and availability
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