Neville & Butler Commercial Real Estate
Commercial Real Estate
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Alderway Building

Alderway Building

705 SW Alder Street, Portland, Oregon | NWC SW Alder & Broadway | Downtown PDX


SPACE AVAILABLE: 1,545 SF

  • Space includes restaurant venting with hood

  • Near full-height windows across the length of the storefront

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

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

  • Located at signalized intersection along SW Broadway

Brochure Floor Plan


 

Property Overview

The Alderway building is located within one block of:

  • A MAX lightrail station

  • A BIKETOWN bike hub

  • Pioneer Courthouse Square - “Portland’s Living Room

The Alderway building is located within three blocks of:

  • A Portland Streetcar stop

  • The Pioneer Place mall

  • Director Park

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, and Mercantile, the luxury retailers anchoring the west end of Downtown’s retail core. Louis Vuitton, Tiffany & Co., Tory Burch, Kate Spade, and a flagship, glass-encased Apple store are all located at Pioneer Place, and anchor the east end of this corridor. Stores such as Sephora and Nike Portland are located between the mall and Nordstrom.

There have been 1,026 hotel rooms completed since Fall 2015 in the Central Business District, with an additional 1,519 rooms proposed and under construction. Upon completion of these projects, the number of hotel rooms will have increased by 73% to 7,439 rooms.

Along with hotel construction, nearly 500,000 square feet of office space has been constructed in the Downtown Core since 2016, with an additional 250,000 square feet under construction with delivery dates in 2020 and 2021.

Demographics

0.25 Miles 0.5 Miles Ctrl Biz Dist
2019 Population: 2,142 13,398 19,490
2024 Projected Pop: 2,335 15,025 21,562
Households: 1,425 8,480 10,937
Owner Occ Housing Units: 92 1,263 1,772
Renter Occ Housing Units: 1,333 7,217 9,164
# Businesses: 2,167 4,966 4,972
Daytime Population: 34,964 92,015 97,671