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The Water Tower 5331 S Macadam Ave 1,133 - 21,227 SF of 4-Star Office Space Available in Portland, OR 97239

Office Spaces Oregon Portland 5331 S Macadam Ave, Portland, OR 97239

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Highlights

  • Fully renovated building with updated lobby and common spaces.
  • Ample tenant parking available.
  • Beautifully landscaped terrace with fire pit.
  • Ground floor retail and on-site café coming soon.
  • Brand new conference facility with state-of-the-art AV capabilities.
  • Easy access to freeways and downtown Portland.

All Available Spaces(9)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 2nd Floor, Ste 207
  • 3,899-5,157 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 2nd Floor, Ste 208
  • 1,258 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 2nd Floor, Ste 280
  • 1,133 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 2nd Floor, Ste 285
  • 1,455 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 2nd Floor, Ste 290
  • 3,414 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 3rd Floor, Ste 363
  • 1,867 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • March 01, 2026
  • 3rd Floor, Ste 372
  • 1,334 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 3rd Floor, Ste 375
  • 2,258 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
  • 3rd Floor, Ste 380
  • 3,351 SF
  • Negotiable
  • Upon Request Upon Request Upon Request Upon Request
  • Office
  • -
  • Now
Space Size Term Rental Rate Space Use Condition Available
2nd Floor, Ste 207 3,899-5,157 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
2nd Floor, Ste 208 1,258 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
2nd Floor, Ste 280 1,133 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
2nd Floor, Ste 285 1,455 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
2nd Floor, Ste 290 3,414 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
3rd Floor, Ste 363 1,867 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - March 01, 2026
3rd Floor, Ste 372 1,334 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
3rd Floor, Ste 375 2,258 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now
3rd Floor, Ste 380 3,351 SF Negotiable Upon Request Upon Request Upon Request Upon Request Office - Now

2nd Floor, Ste 207

Size
3,899-5,157 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

2nd Floor, Ste 208

Size
1,258 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

2nd Floor, Ste 280

Size
1,133 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

2nd Floor, Ste 285

Size
1,455 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

2nd Floor, Ste 290

Size
3,414 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

3rd Floor, Ste 363

Size
1,867 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
March 01, 2026

3rd Floor, Ste 372

Size
1,334 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

3rd Floor, Ste 375

Size
2,258 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

3rd Floor, Ste 380

Size
3,351 SF
Term
Negotiable
Rental Rate
Upon Request Upon Request Upon Request Upon Request
Space Use
Office
Condition
-
Available
Now

2nd Floor, Ste 207

Size 3,899-5,157 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

2nd Floor, Ste 208

Size 1,258 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

2nd Floor, Ste 280

Size 1,133 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

2nd Floor, Ste 285

Size 1,455 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

2nd Floor, Ste 290

Size 3,414 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

3rd Floor, Ste 363

Size 1,867 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available March 01, 2026

3rd Floor, Ste 372

Size 1,334 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

3rd Floor, Ste 375

Size 2,258 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

3rd Floor, Ste 380

Size 3,351 SF
Term Negotiable
Rental Rate Upon Request
Space Use Office
Condition -
Available Now

Property Overview

Expansive factory-style windows and historic heavy timber construction make The Water Tower bright and airy, with character to spare. Efficient floorplates—with availabilities ranging from 1,000 to 15,000 SF —provide the perfect platform to craft your ideal office.

  • Conferencing Facility
  • Restaurant
  • Signage
  • Car Charging Station
  • Shower Facilities
  • Wi-Fi

Property Facts

Building Type
Office
Year Built/Renovated
1927/2023
LoopNet Rating
4 Star
Building Height
3 Stories
Building Size
111,588 SF
Building Class
A
Typical Floor Size
37,196 SF
Parking
90 Surface Parking Spaces at $45/month
Surface Tandem Parking
Covered Parking
Covered Tandem Parking
Reserved Parking

Select Tenants

  • Floor
  • Tenant Name
  • Unknown
  • Arthur Mutal Investments, LLC
  • 2nd
  • Cascade Training Center
  • 2nd
  • Century West Engineering
  • 3rd
  • Columbia Research Group
  • 1st
  • Contract Flooring Consultant LLC
  • 3rd
  • Namaste Chiropractic
  • 2nd
  • National Multiple Sclerosis
  • Unknown
  • Path Construction
  • 3rd
  • RDH Building Sciences Inc
  • Unknown
  • Stevens Hotel, LLC

Attachments

5331 S Macadam Ave Flyer
WT_354
1 1
Walk Score®
Very Walkable (77)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores
(503) 866-4440

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 24109194

  • Date on Market: 2/18/2026

  • Last Updated:

  • Address: 5331 S Macadam Ave, Portland, OR 97239

More public record information on 5331 S Macadam Ave, Portland, OR 97239

The South Portland Office Property at 5331 S Macadam Ave, Portland, OR 97239 is currently available. Contact Colliers for more information.

OFFICE PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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The Water Tower | 5331 S Macadam Ave

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