DOWNTOWN PORTLAND, OR
CLEAN & SAFE DISTRICT

Two reports show positive trends in downtown activity

Pedestrian traffic remains strong, development moves rapidly from ‘under discussion’ to ‘under construction’


Jun 29, 2015

For more information:
Liza Dossick, 503.552.6772 | ldossick@portlandalliance.com

Portland, Ore. – Downtown Clean & Safe District released two reports showing the strength and vibrancy of Portland’s downtown area:  The semi-annual pedestrian count results were consistent to those reported  in June 2014, and the yearly Development/Redevelopment Report highlighted a healthy pipeline of projects under construction or on the drawing board for Central City.  
 
“My company has invested in downtown Portland because we know it’s a great place to do business. It’s encouraging to see that resonate with other developers as shown in the report,” said Ty Barker, Downtown Clean & Safe District board chair and partner and general manager at Unico Properties. “We are proud of the work we’ve done with partners to keep our downtown vibrant, but we also know there is more to be done to improve central city such as the ongoing livability issues.”
 
These reports are used by Clean & Safe as a way to gauge economic vitality and activity and to provide information for developers, real estate brokers, property managers and owners, prospective tenants, institutional investors and others who are interested in downtown Portland as a place to do business.
 
Pedestrian counts:
June 2015 pedestrian counts took place over June 11-13 and results are consistent with last year. Results show a 1 percent decrease among the ten corners that were also counted last June. The most trafficked corners counted were Sixth and Morrison with more than 21,000 people, Broadway and Morrison with more than 15,000 people and Fifth and Morrison with more than 14,500 people. Corners counted during the semi-annual counts do slightly change depending on a variety of factors: retail vacancies, new tenants and relocation of transit stops.
 
View full results
 
Downtown Development/Redevelopment Report:
The downtown Development/Redevelopment Report provides a five-year window on real estate development in the central city. The report shows that development in the central city is rapidly growing, from 14 projects under construction in 2014 to 32 projects under construction in 2015. The projects include Class A office, hotel, and market rate rental housing. The market is buoyed by low vacancy rates in all sectors, with office at 9 percent and residential at 3 percent. Several projects are underway in Old Town Chinatown, which are supported by the five-year redevelopment plan. 
 
View full report
 
 
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Downtown Clean & Safe District
Downtown’s Clean & Safe District was created more than 20 years ago to support additional cleaning and security in the central city. The district, funded by downtown property owners, includes 213 blocks in the central city, and also supports market research and retail recruitment and retention efforts. The district is managed by the Portland Business Alliance under the direction of the district’s board of directors. http://www.cleanandsafepdx.com/