Comments on: Big retailers set sights on Portland

By: Houses for Sale Portland – 1970 Vintage Home – A Work in Progress

Houses for Sale Portland – 1970 Vintage Home – A Work in Progress — Thu, 06 Jan 2011 15:03:23 +0000

[…] Big retailers set sights on Portland […]

By: Bonwell

Bonwell — Tue, 22 Jun 2010 20:02:40 +0000

It’s not by accident that downtown Portland has few “big box” stores. For one, most cities have fairly condensed city centers that don’t have many big stores. However, Portland also has specifically imposed deterrents to make sure that tenants only come in if they intend to stay for a while.

By: Nick Bjork

Nick Bjork — Wed, 09 Jun 2010 19:58:51 +0000

David & Old Town,

You are right that large retailers often don’t locate in downtown but not all the time. Look at the major clothing retailers we have like Macys and the soon-to-be H&M. Obviously there will never be a Walmart built downtown for all the reasons David mentioned. But just because it isn’t in downtown doesn’t mean it isn’t in Portland. Example, the empty large retail spaces at Jantzen Beach. If I’m not mistaken this is a part of Portland.

By: David

David — Wed, 09 Jun 2010 19:48:25 +0000

Old Town —

Is it any surprise large retailers would avoid downtown? It’s too expensive, often has poor parking, and there are relatively few buildings of the right size or layout. It’s not necessarily indicative of government failures(although there’s certainly an element) so much as basic economics at work.

By: Old Town

Old Town — Fri, 28 May 2010 19:15:10 +0000

This article is about the Portland Metro area not the city. This intermixing of the city and metro designations conveys a false impression. The city of Portland is benefiting little from the hopeful coming of big retailers. But, isn’t the story why are not the big retailers locating in downtown Portland?

A Perspective

By: Brian

Brian — Fri, 28 May 2010 16:29:50 +0000

It sounds like Craig would perfer dark streets filled vacant store fronts. While Craig may not have gotten his fill of this Great Recession, I think many will applaud these new additions to the market.

Craig is all about keeping Portland mediocre.

By: Nick Bjork

Nick Bjork — Fri, 28 May 2010 16:17:30 +0000

pdxre,

“Industry professionals have seen lease rates drop by almost 25 percent over the past two years.”

Is that not what you are looking for? It is included in the article. Every number I got was between 20 and 30 percent declines in rent. Yours might be higher. If they are let me know. What did you want included?

By: Craig

Craig — Fri, 28 May 2010 15:47:26 +0000

Great, that’s really what we need. More traffic inducing chains that bleed Oregon of wealth.

By: pdxre

pdxre — Fri, 28 May 2010 15:44:33 +0000

It is great that these spaces are being leased but the current lease rates add support to value declines for similar types of commercial RE of 30-40%. Concessions might be gone but the lower rents more than offset any prior concessions. This should have been mentioned in this article.