For Sale or Lease | Hawthorne Theatre Building — Lease in Portland, OR

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: Portland, OR 97214

Description

Retail For Lease | 1,975 SF For Sale | Building Size: 16,630 SF The Hawthorne Masonic Building, a historic landmark, stands at the bustling crossroads of SE Hawthorne Boulevard and SE César E. Chavez Boulevard in SE Portland. Constructed in 1919, it was ini Key Facts 1st Floor: 750 - 5,814 SF 2nd Floor: 1,388 - 4,328 SF Robbie MacNichol Senior Associate Portland License #: 201219814 +1 503 499 0089 Call Now +1 503 499 0089 License #: 201219814

Market Context

This retail in Portland, OR is listed for lease. It has been on the market for 175 days. Compare it against other retail listings for lease in Portland, OR — view the full market.

As of Q1 2026, the Portland retail market showed a 10.0% vacancy rate, average asking rents near $45.00/SF/yr, rents up 16.0% year over year, and cap rates around 6.4%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Retail market FAQ

What is the typical cap rate for retail in Portland?
About 6.4% as of Q1 2026, per multiple brokerage reports.
Is the Portland retail market tightening or softening?
Vacancy is around 10.0%, with asking rents rising year over year (Q1 2026).

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