Neville & Butler Commercial Real Estate
Commercial Real Estate
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Alderway Building

Alderway Building

705 SW Alder Street, Portland, Oregon | Downtown PDX


SPACE AVAILABLE: 1,545 SF

  • Space includes restaurant venting with hood

  • Located in four-story office building in the heart of the Downtown Office Core

  • Located at signalized intersection along SW Broadway

Brochure Floor Plan


 

Property Overview

The Alderway building is located:

  • One block from a MAX lightrail stop

  • Three blocks from a Portland Streetcar stop

  • One block from Pioneer Courthouse Square

Retail co-tenants in the building include Opus Bank, Kassab Jewelers, and Zelda’s Shoe Bar.

Vehicle traffic along SW Alder Street (eastbound) is 6,959 vehicles per day with 7,887 vehicles per day along SW Washington Street (westbound) [2016].

Pedestrian traffic is 19,289 pedestrians per day at the intersection of SW Broadway & Morrison and 13,264 pedestrians per day at SW Sixth and Alder [Dec ‘18].


Trade Area Overview

Nearby retailers include Nordstrom, Mario’s, Target, TJ Maxx, Office Depot, Nike Portland, and the Pioneer Place Mall.

There are currently 1,829 hotel rooms planned and under construction at 6 projects in the Central Business District which, along with 10 recently completed projects, will increase the Downtown hotel room offerings by over 62% upon completion.

Demographics

0.25 Miles 0.5 Miles 0.75 Miles
2018 Population: 2,088 12,968 26,573
2023 Projected Pop: 2,266 14,371 29,544
’18-’23 Growth/Yr: 1.70% 2.16% 2.24%
Avg Household Income: $31,529 $51,768 $64,708
% Pop Bachelor's Deg +: 39.90% 55.56% 59.17%
Median Home Value: $461,905 $446,008 $456,250
# Businesses: 2,026 4,684 6,018
Daytime Population: 32,080 88,537 117,189