The Waterman Building 80 SE Madison St 295 - 14,579 SF of Office Space Available in Portland, OR 97214
HIGHLIGHTS
- Occupy 250-5,000 SF of custom office space with city views and a 1,182-SF fully equipped retail restaurant with heavy daytime foot traffic.
- Move-in-ready offices with natural light, 13-foot ceilings, 3rd-4th floor recessed decks with views, a furnished lobby, and ADA-accessible restrooms.
- Enjoy the on-site amenities like a shared conference room, Wi-Fi, available garage parking, secure bike storage and repair, and shower facilities.
- Minutes from the Esplanade and Tilikum Crossing, where many love to visit for walking, jogging, bike riding, and captivating Willamette River views.
- Within reach of Downtown Portland via I-5, Hawthorne Bridge, Trimet Bus Lines, and Portland streetcar access less than a mile away.
- Strategically located in the Central Eastside Industrial District near offices, hotels, restaurants, brew pubs, and bakeries.
ALL AVAILABLE SPACES(10)
Display Rent as
- SPACE
- SIZE
- TERM
- RENT
- SPACE USE
- CONDITION
- AVAILABLE
Everything you’ve been searching for in a custom office space—and more. Mt Everest Suite 120 is a beautiful professional suite with a private office and glass-walled conference room (or second office), and an open concept reception area. The suite features 13 foot ceilings and polished concrete floors and is accentuated with the glass walls. Utilities and janitorial are included in monthly rent.
- Lease rate does not include utilities, property expenses or building services
- Fits 3 - 8 People
- 1 Conference Room
- Space is in Excellent Condition
- Reception Area
- Private Restrooms
- High Ceilings
- Natural Light
- Bicycle Storage
- DDA Compliant
- Fully Built-Out as Standard Office
- 2 Private Offices
- Finished Ceilings: 13 ft
- Central Air and Heating
- Balcony
- Security System
- Secure Storage
- After Hours HVAC Available
- Shower Facilities
- Open-Plan
This 1,990 RSF office suite offers an ideal workspace with a spacious open area, a private office for added privacy, and north-facing windows that flood the space with natural light. The suite features impressive 13-foot ceilings that create an airy, inviting atmosphere, along with a kitchenette and data closet. Perfectly designed for productivity and comfort, this suite is a must-see for any growing company.
- Lease rate does not include utilities, property expenses or building services
- 1 Private Office
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Natural Light
- Bicycle Storage
- Catering Service
- Wheelchair Accessible
- Kitchenette
- Data closet
- Fits 5 - 16 People
- Conference Rooms
- Plug & Play
- Reception Area
- Secure Storage
- After Hours HVAC Available
- Shower Facilities
- Professional Lease
- North facing windows
- Natural Light
This 436 RSF second-floor suite offers a dynamic, creative workspace perfect for fostering innovation and collaboration. With an open concept layout and striking 13-foot ceilings, the space feels bright and expansive. Glass door relights further enhance the natural light, creating an inspiring environment to fuel productivity. Ideal for companies looking for a versatile and stylish office, this suite combines modern design with functionality.
- Lease rate does not include utilities, property expenses or building services
- Conference Rooms
- Plug & Play
- Private Restrooms
- Exposed Ceiling
- After Hours HVAC Available
- Shower Facilities
- Professional Lease
- 13' Ceilings and Exposed Ceiling
- 436 RSF Creative Office Space
- Fits 2 - 4 People
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Secure Storage
- Bicycle Storage
- Catering Service
- Wheelchair Accessible
- Door Relights
This 410 RSF furnished private office offers a professional and stylish environment with modern finishes throughout. Featuring door and window relights, this space ensures a high level of professionalism and functionality. Ideal for businesses seeking a sleek, efficient workspace, it provides the perfect setting for focused work and productivity.
- Lease rate does not include utilities, property expenses or building services
- Conference Rooms
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Bicycle Storage
- Furnished Private Office
- ADA Accessible
- Fits 2 - 4 People
- Finished Ceilings: 13 ft
- Plug & Play
- Private Restrooms
- After Hours HVAC Available
- Professional Lease
- Door and Window Relights
This 295 RSF furnished private office offers a professional and stylish environment with modern finishes throughout. Featuring door and window relights, this space ensures a high level of professionalism and functionality. Ideal for businesses seeking a sleek, efficient workspace, it provides the perfect setting for focused work and productivity.
- Lease rate does not include utilities, property expenses or building services
- Plug & Play
- Private Restrooms
- Bicycle Storage
- Professional Lease
- 295 Furnished Private Office
- Waiting Area
- Fits 1 - 3 People
- Central Air and Heating
- After Hours HVAC Available
- Shower Facilities
- Wheelchair Accessible
- Door Relight
Experience a modern, ADA-accessible third-floor suite designed for productivity and comfort. This professionally managed, locally owned space features seven private offices with expansive northern and eastern views, a striking corner conference room, and a stylish breakroom complete with a kitchenette. Enjoy natural light through large windows, polished concrete floors, wood accents, and calming neutral tones throughout. A southern-facing balcony offers a relaxing retreat, while utility and IT closets provide added functionality. NNN pricing includes all utilities and janitorial services, and garage parking is available for added convenience. Elevate your workspace in a suite that combines thoughtful design with unbeatable functionality.
- Lease rate does not include utilities, property expenses or building services
- Fits 7 - 16 People
- 1 Conference Room
- Plug & Play
- Reception Area
- Print/Copy Room
- Private Restrooms
- High Ceilings
- Natural Light
- Bicycle Storage
- Professional Lease
- Wheelchair Accessible
- Balcony with Southern View
- Utility / It Closets
- Garage Parking Available
- Fully Built-Out as Standard Office
- 7 Private Offices
- Space is in Excellent Condition
- Central Air and Heating
- Laboratory
- Balcony
- Corner Space
- Secure Storage
- After Hours HVAC Available
- Shower Facilities
- Smoke Detector
- Northern and Eastern Views from Offices
- Breakroom with Kitchenette
- ADA Accessible
Suite 320 is an ADA-accessible third-floor office featuring five private offices, a spacious conference room with inspiring northern views, and a breakroom with kitchenette that opens onto a west-facing deck overlooking downtown. This professionally managed, locally owned property offers polished concrete floors, neutral tone finishes, and large windows that fill the space with natural light. Additional amenities include basement storage and garage parking. NNN pricing includes all utilities and janitorial services, making Suite 320 a convenient and stylish choice for your business.
- Fully Built-Out as Standard Office
- 5 Private Offices
- Space is in Excellent Condition
- Garage parking available
- Polished Concrete Floors
- Fits 6 - 19 People
- 1 Conference Room
- Downtown views
- Kitchenette
Everything you’ve been searching for in a custom office space—and more. Mt Everest Suite 330 is a beautiful professional suite with 2 glass-walled offices, an open concept reception area, a kitchenette, and a balcony. The suite features 13 foot ceilings and polished concrete floors and is accentuated with the glass walls. Suite 330 has 1,273 RSF. NNN pricing includes utilities and janitorial. This property is locally owned and professionally managed.
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 11 People
- 1 Conference Room
- Space is in Excellent Condition
- Reception Area
- Balcony
- Security System
- Secure Storage
- After Hours HVAC Available
- Shower Facilities
- Fully Built-Out as Standard Office
- 2 Private Offices
- Finished Ceilings: 13 ft
- Central Air and Heating
- Kitchen
- Private Restrooms
- High Ceilings
- Natural Light
- Bicycle Storage
- Open-Plan
This professional office suite has a large open area, 5 private offices, a breakroom with kitchenette, an IT closet, and a private deck on the top floor of the Waterman Building. NNN pricing includes all utilities and janitorial services. This property is locally owned and professionally managed.
- Lease rate does not include utilities, property expenses or building services
- Fits 5 - 16 People
- 1 Conference Room
- Plug & Play
- Kitchen
- Private Restrooms
- Secure Storage
- After Hours HVAC Available
- Shower Facilities
- Professional Lease
- Fully Built-Out as Standard Office
- 5 Private Offices
- Space is in Excellent Condition
- Central Air and Heating
- Balcony
- Corner Space
- Natural Light
- Bicycle Storage
- Open-Plan
This professional office suite has a large open area, a breakroom with kitchenette, and a private deck on the top floor of the Waterman Building.NNN pricing includes all utilities and janitorial services. This property is locally owned and professionally managed.
- Lease rate does not include utilities, property expenses or building services
- Office intensive layout
- Conference Rooms
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- After Hours HVAC Available
- Shower Facilities
- Professional Lease
- Downtown Views
- Fully Built-Out as Standard Office
- Fits 4 - 11 People
- Finished Ceilings: 13 ft
- Plug & Play
- Corner Space
- Natural Light
- Bicycle Storage
- Open-Plan
- Wheelchair Accessible
- Garage parking available
| Space | Size | Term | Rent | Space Use | Condition | Available |
| 1st Floor, Ste 120 | 962 SF | Negotiable | £16.58 /SF/PA | Office | Full Build-Out | Now |
| 2nd Floor, Ste 220 | 1,990 SF | Negotiable | £10.12 /SF/PA | Office | - | Now |
| 2nd Floor, Ste 236 | 436 SF | Negotiable | £11.74 /SF/PA | Office | - | Now |
| 2nd Floor, Ste 238 | 410 SF | Negotiable | £12.07 /SF/PA | Office | - | Now |
| 2nd Floor, Ste 239 | 295 SF | Negotiable | £12.48 /SF/PA | Office | - | 23/04/2025 |
| 3rd Floor, Ste 310 | 3,650 SF | Negotiable | £16.58 /SF/PA | Office | Full Build-Out | Now |
| 3rd Floor, Ste 320 | 2,353 SF | Negotiable | £16.58 /SF/PA | Office | Full Build-Out | Now |
| 3rd Floor, Ste 330 | 1,273 SF | Negotiable | £16.58 /SF/PA | Office | Full Build-Out | Now |
| 4th Floor, Ste 420 | 1,948 SF | Negotiable | £16.58 /SF/PA | Office | Full Build-Out | Now |
| 4th Floor, Ste 430 | 1,262 SF | Negotiable | £16.58 /SF/PA | Office | Full Build-Out | Now |
1st Floor, Ste 120
| Size |
| 962 SF |
| Term |
| Negotiable |
| Rent |
| £16.58 /SF/PA |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor, Ste 220
| Size |
| 1,990 SF |
| Term |
| Negotiable |
| Rent |
| £10.12 /SF/PA |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor, Ste 236
| Size |
| 436 SF |
| Term |
| Negotiable |
| Rent |
| £11.74 /SF/PA |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor, Ste 238
| Size |
| 410 SF |
| Term |
| Negotiable |
| Rent |
| £12.07 /SF/PA |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor, Ste 239
| Size |
| 295 SF |
| Term |
| Negotiable |
| Rent |
| £12.48 /SF/PA |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| 23/04/2025 |
3rd Floor, Ste 310
| Size |
| 3,650 SF |
| Term |
| Negotiable |
| Rent |
| £16.58 /SF/PA |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor, Ste 320
| Size |
| 2,353 SF |
| Term |
| Negotiable |
| Rent |
| £16.58 /SF/PA |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor, Ste 330
| Size |
| 1,273 SF |
| Term |
| Negotiable |
| Rent |
| £16.58 /SF/PA |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Floor, Ste 420
| Size |
| 1,948 SF |
| Term |
| Negotiable |
| Rent |
| £16.58 /SF/PA |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Floor, Ste 430
| Size |
| 1,262 SF |
| Term |
| Negotiable |
| Rent |
| £16.58 /SF/PA |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY OVERVIEW
The Waterman Building is a refined mixed-use building home to a basement, storefront restaurant/retail, and four floors of modern professional office space, as well as select custom office community amenities. Step into the building and be greeted by a state-of-the-art lobby with comfy seating options, a fireplace, fountains, shared workspaces, and unisex restrooms and showers. Tenants can enjoy a new restaurant on the first floor to meet with clients and a shared conference room if extra space is needed for business meetings. Portland’s Central Eastside neighborhood has a nouveau-industrial chic personality, and these office spaces perfectly mirror that creative and artistic funky vibe. The Waterman Building is located just minutes from some of the trendiest restaurants, brew pubs, and coffee houses. After work, employees can hop on a bike and check out Portland’s vibrant eastside esplanade and bridges connecting to the downtown core and numerous riverfront parks. This building is conveniently located adjacent to accessible transit options like bus lines, street cars, and light rail. In addition to the properties, easy connections via walking and driving to Interstate 5, Hawthorne, and Morrison Bridges. The district has many parking options, from daily to monthly parking spaces. For bike commuters, the building includes convenient and secure bike storage, a bike service and repair area, and private storage lockers. The Waterman Building is locally owned and managed. To take a virtual tour or learn more about this beautiful space, please get in touch with North Rim today.
- 24 Hour Access
- Bus Route
- Controlled Access
- Conferencing Facility
- Fireplace
- Restaurant
- Security System
- Kitchen
- Storage Space
- Basement
- Bicycle Storage
- Central Heating
- High Ceilings
- Plug & Play
- Shower Facilities
- Wi-Fi
- Air Conditioning
PROPERTY FACTS
SELECT TENANTS
- FLOOR
- TENANT NAME
- INDUSTRY
- 1st
- Wolfs Head
- Accommodation and Food Services
MARKETING BROCHURE
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Pacific Pie Co | Australian | £ | 9 min walk |
| Wasabi Sushi | Japanese | £££ | 9 min walk |
| Tiny's Coffee | Coffee | £ | 12 min walk |
| Sesame Collective | - | - | 13 min walk |
| Sparky's Pizza | Pizza | £ | 13 min walk |
| Chipotle | - | - | 14 min walk |
| Hair Of The Dog Brewing Company | Pub Food | ££ | 14 min walk |
| Harvester Brewing Gastropub | Gastropub | £ | 14 min walk |
| Portland's Sandwich Co | Sandwiches | £ | 15 min walk |
| Willow Restaurant | American | £££ | 16 min walk |
RETAIL |
||
|---|---|---|
| 7-Eleven | Convenience Market | 10 min walk |
| United States Postal Service | Business/Copy/Postal Services | 10 min walk |
| Chase | Bank | 14 min walk |
| Jacksons | Convenience Market | 14 min walk |
| Office Depot | Office Supply | 18 min walk |
HOTELS |
|
|---|---|
| Marriott |
506 rooms
3 min drive
|
| Hilton |
327 rooms
4 min drive
|
| Curio Collection by Hilton |
294 rooms
3 min drive
|
| Luxury Collection |
331 rooms
4 min drive
|
ABOUT BUCKMAN AND KERNS
In less than a decade, there’s been a transformation in the Buckman and Kerns neighborhoods. A wave of luxury apartment and creative office development, along with the steady rise of local retailers, restaurants, and co-working space, has benefited local employers and residents alike. With a rapidly expanding base of apartment renters – often well-paid urban professionals –a long list of additional luxury apartment developments is set to soon open their doors. The influx of new residents offers a well-educated pool of potential employees for nearby companies.
Buckman and Kerns are receiving an influx of new creative office space, with new, ground-up developments opening their doors alongside converted older buildings, often former industrial space. New creative space is proving particularly attractive to tech companies and startups. Notable local tenants include Autodesk, Simple, Viewpoint Construction Software, and children’s clothing company Hanna Andersson.
Despite the abundance of newly built and newly renovated space, office rents in the area are far below rates in Downtown Portland to the west. With available space ranging from the traditional to the whimsical, prospective office tenants can be choosy. And as newly built and renovated space continues coming online, both the quantity and quality of available space is on the rise.
LEASING TEAM
LEASING TEAM
Matthew Schweitzer, President
In 1995, Matt teamed up with Jeffrey Weitz, founder of North Rim, taking on responsibilities in property management, leasing, and sales. Since then, he has played a key role in the company's growth and success, and today, he leads North Rim as its President.
ABOUT THE OWNER
ABOUT THE ARCHITECT
