1515 Market Square

1515 SW 5th Avenue, Portland, OR 97201

  • For Lease $20.00 - $25.00/SF/YR
  • Property Type Office - General Office
  • Property Size 215,983 SF
  • Lot Size 0.92 Acre
  • Parking Spaces Avail. 228
  • Parking Ratio 1.06 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1981
  • Date Updated May 26, 2025

1515 Market Square is a 215,983-square-foot, Class A office building set on a 0.92-acre lot with 228 parking spaces and a parking ratio of 1.06 spaces per 1,000 square feet. Built in 1981, this high-quality property provides a professional environment suited to a range of business needs. Strategically located in Downtown Portland, it offers tenants a central location within a vibrant business district.

The surrounding Downtown Portland area provides convenient access to transportation hubs, dining options, and amenities. Public transit is readily available, with the PSU Urban Center station approximately 0.1 miles away and multiple stops within a half-mile radius. Nearby dining options include Zags Restaurant & Patio, Pizza Jerk, and Raven & Rose, all within a short walk. Local accommodations such as The Hotel Zags and Hotel Vance are less than 0.2 miles away, making it easy for visiting clients and guests to find lodging. Additional amenities include City Center Parking located just steps away and the Portland Food Hall roughly 0.4 miles from the property.

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Spaces Available

Contacts

broker
Greg Sparks Is this you?

American Property Management

broker
American Property Management Centralized Leasing Is this you?

American Property Management

Location

Getting Around

  • Walk Score ®

    98/100 Walker's Paradise

  • Transit Score ®

    92/100 Rider's Paradise

  • Bike Score ®

    84/100 Very Bikeable
Powered by Walk Score ®
  • City Portland, OR
  • Neighborhood Downtown Portland
  • Zip Code 97201
  • Market Portland

Points of Interest

  • PSU Urban Center

    0.09 miles

  • Southwest Market & Park

    0.14 miles

  • Southwest 11th & Clay

    0.27 miles

  • PSU South/Southwest 5th & Jackson

    0.30 miles

  • Library/Southwest 9th Avenue

    0.41 miles

  • Southwest 11th & Taylor

    0.42 miles

  • Galleria/Southwest 10th Avenue

    0.45 miles

  • Southwest 10th & Alder

    0.50 miles

  • Southwest 11th & Alder

    0.55 miles

  • Oak Street/Southwest 1st Avenue

    0.64 miles

  • ChargePoint

    0.27 miles

  • Chevron

    0.30 miles

  • PGE Electric Avenue Downtown Portland

    0.35 miles

  • Tesla Supercharger

    0.36 miles

  • Blink

    0.37 miles

  • Shell

    0.81 miles

  • Pacific Pride

    1.13 miles

  • Kwik-Gas

    1.14 miles

  • Astro

    1.38 miles

  • EVgo

    1.58 miles

  • City Center Parking

    0.05 miles

  • U-Park

    0.07 miles

  • Parking Structure 2

    0.11 miles

  • Auditorium Park

    0.12 miles

  • Parking Structure 1

    0.20 miles

  • Crown Plaza Parking

    0.21 miles

  • The Hotel Zags

    0.04 miles

  • Hotel Vance

    0.11 miles

  • Downtown Value Inn

    0.12 miles

  • Porter Hotel

    0.20 miles

  • Econo Lodge

    0.22 miles

  • Portland Marriott Downtown Waterfront

    0.26 miles

  • The Heathman Hotel

    0.26 miles

  • Hilton

    0.30 miles

  • The Duniway Portland

    0.33 miles

  • Paramount Hotel

    0.33 miles

  • Gilini's Deli Style Restaurant

    0.00 miles

  • Zags Restaurant & Patio

    0.06 miles

  • Las Cazuelas

    0.07 miles

  • India Chaat House

    0.08 miles

  • Katie's Cafe

    0.08 miles

  • Pizza Jerk

    0.08 miles

  • Mummy's

    0.09 miles

  • Love Belizean

    0.09 miles

  • Rice Junkies

    0.10 miles

  • Raven & Rose

    0.13 miles

  • Saint Mary's Academy

    0.05 miles

  • Portland State University

    0.27 miles

  • Skybridge International

    0.31 miles

  • NW Film Center

    0.32 miles

  • Le Monde

    0.43 miles

  • The International School

    0.59 miles

  • Portland Institute for Contemporary Art

    0.60 miles

  • Bridges Middle School

    0.60 miles

  • Lincoln High School

    0.62 miles

  • National University of Natural Medicine

    0.77 miles

  • KinderCare

    0.07 miles

  • Saint James Child Development Center

    0.22 miles

  • Helen Gordon Child Development Center

    0.34 miles

  • Moda Tower Child Development Center

    0.48 miles

  • The Children's Garden

    0.61 miles

  • Joyful Noise

    0.64 miles

  • Healthy Starts Children's Center

    1.09 miles

  • Montessori Children's House

    1.25 miles

  • Fruit & Flower

    1.33 miles

  • Escuela Viva

    1.41 miles

Frequently Asked Questions

What is the price for renting office space at 1515 Market Square?

The average rate for office space here is $22.50/SF/YR, with rates starting at $20.00/SF/YR.

What type of office space is available to lease at 1515 Market Square?

In total, there is 132,905 square feet of office space for lease here. Availability at this location includes 2 Retail spaces, 25 Office spaces. The property offers Multi-Tenant commercial space.

Is 1515 Market Square suitable for a small business?

Yes, availabilities here may be suitable for small businesses with 20 office spaces under 5,000 square feet available. Space sizes here start at 278 square feet.

Does 1515 Market Square have enough space for a large business?

Yes, availabilities here could accommodate larger businesses with 6 office spaces larger than 10,000 square feet available for lease. The largest office size is 26,963 SF. For a better understanding of how this space could work for you, reach out to schedule a tour.

Does 1515 Market Square have parking?
Yes, the property offers 228 parking spaces with a parking ratio of 1.06 / 1,000 SF.
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