719 SW MORRISON
PRIME SECOND GENERATION RETAIL SPACE IN THE HEART OF THE CBD!
LOCATION 719 SW Morrison Street in Portland, OR Walk Score Bike Score Transit Score AVAILABLE SPACE 770 SF of ground floor retail 98 92 98 Lower level storage space available RENT $5,300/mo gross, plus utilities COMMENTS • Nearby tenants include Nordstrom, Capital One Bank, Peet’s Coffee, City Target, Pendleton’s and Apple’s flagship stores, Banana Republic, Marios, Pioneer Courthouse Square (Portland’s “Living Room”), Regal Cinema at Fox Tower, Muji’s first to market location and many more. • Close proximity to 20 hotels within an approximately three block radius, including the new Ritz Carlton Hotel and Residences (opening in 2022). • Over 650 parking stalls nearby. • Excellent CBD high traffic location, on the MAX line with daily ridership of 120,900. • Available now! TRAFFIC COUNTS SW Broadway @ Morrison – 9,516 ADT (’18) | SW Alder @ Broadway – 8,627 ADT (’18) Demographics .25 MILE .5 MILE 1 MILE Estimated Population 2019 1,812 14,115 44,873 Population Forecast 2024 1,856 14,420 45,898 Average HH Income $32,642 $62,520 $84,919 Employees 28,667 70,808 111,578 Source: Regis – SitesUSA (2019) CRA » [email protected] Commercial Realty Advisors NW, LLC ashley heichelbech 733 SW Second Avenue, Suite 200 kathleen healy » [email protected] Portland, Oregon 97204 www.cra-nw.com 503.274.0211 Licensed brokers in Oregon & Washington
The information herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be verified prior to purchase/leasing. View the Real Estate Agency Pamphlet by visiting our website, www.cra-nw.com/home/agency-disclosure.html. CRA PRINTS WITH 30% POST-CONSUMER, RECYCLED-CONTENT MATERIAL. INTERIOR/EXTERIOR 2ND GENERATION RETAIL SPACE
CRA NEIGHBORING BUSINESSES
CRA NW Davis FULLER’S DOWNTOWN PORTLAND SUSHI LAND COFFEE SHOP BACKSPACE little big burger GROUND KONTROL
NW 9th FLOATING NW 5th NW NW 5th NW WORLD COMICS NW 11th NW Broadway SUSHI ICHIBAN THE BRODY NW 13th
W Burnside CRYSTAL HOTEL ZEUS CAFE
SW Oak BOXER RAMEN
3RD & ASH REDEVELOPMENT (2019) MA & PA SALON NYLA GROCERY Post Office SW Pine SW Washington 10W BLACK ROOSTER CAFE 11W DEVELOPMENT Redevelopment (OFFICE & LUXURY APTS TENDER LOVING EMPIRE FEB 2020 GROUNDBREAKING) Pittock O’BRYANT SQUARE Block 400 PARKING SPACES SW Stark CAFE VIOLA
SW 13th TANDOOR SW Alder INDIAN KITCHEN UNDER CONSTRUCTION HOTEL/OFFICE/CONDOS PORTLAND WOODLARK HOTEL OUTDOOR STORE 150 ROOMS FRESH POT
CAMERON’S HI-LO BOOKS SW 5th BOUTIQUE HOTEL
SAYSAY HUBER’S CAFE BOUTIQUE PUBLIC PORTLAND DOGGIE HOTEL SW 11th DOMAIN LUGGAGE CO. MICHAEL ALLEN PIONEER PLACE I Garage Redevelopment J. Crew Gap 790 Parking Spaces Park Ave EAST INDIA Louis Vuitton Kate Spade SITE West PROPOSED CO. GRILL Coach Tory Burch JAMES BEARD SW 9th DEPARTURE The Walking Company Library PUBLIC MARKET VIRGINIA SW Park SW Morrison CAFE Pioneer PIONEER PLACE I I Courthouse SW Broadway Square H & M Punch Bowl Social Director Zara Park Pioneer Forever XXI SW Taylor Courthouse Regal Cinemas Pioneer SW Yamhill Place URBAN FAUNA I SW Salmon CENTRAL BUSINESS DISTRICT DAILY COUNTS Pioneer MARX Place JEWELERS II PEDESTRIAN (’18) NW FILM SW 3rd SW 6th & Morrison 15,970 CENTER SW 5th & Morrison 15,531 SW Main SW 2nd SW Broadway & Yamhill 6,909
SW 6th & Alder 11,528 SW 1st SW 10th & Morrison 13,075 The Brewery AC HOTEL n CRA SW 10th & Burnside 14,623 204 ROOMS SW Naito Pkwy Blocks UNDER CONSTRUCTION FLOOR plan | 719 sw morrison
CRA n PORTLAND, OREGON
CRA COMMERCIAL FULL PROFILE CRA REALTY ADVISORS NORTHWEST LLC 2000-2010 Census, 2019 Estimates with 2024 Projections Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 45.5196/-122.6802
719 SW Morrison Street 0.25 mi 0.5 mi 1 mi radius radius radius Portland, OR 97205
2019 Estimated Population 0 T 1,812 14,115 44,873 2024 Projected Population 0 T 1,856 14,420 45,898 2010 Census Population 0 T 1,709 11,888 36,552 2000 Census Population 0 T 1,248 9,203 26,405 Projected Annual Growth 2019 to 2024 - 0.5% 0.4% 0.5% POPULATION Historical Annual Growth 2000 to 2019 - 2.4% 2.8% 3.7% 2019 Estimated Households 0 T 1,096 9,226 29,135 2024 Projected Households 0 T 1,167 9,809 30,980 2010 Census Households 0 T 982 7,465 22,555 2000 Census Households 0 T 884 5,575 16,963 Projected Annual Growth 2019 to 2024 - 1.3% 1.3% 1.3% HOUSEHOLDS Historical Annual Growth 2000 to 2019 - 1.3% 3.4% 3.8% 2019 Est. Population Under 10 Years - 1.4% 4.1% 5.4% 2019 Est. Population 10 to 19 Years - 4.2% 5.6% 7.5% 2019 Est. Population 20 to 29 Years - 19.4% 20.0% 22.3% 2019 Est. Population 30 to 44 Years - 21.8% 25.6% 26.1%
AGE 2019 Est. Population 45 to 59 Years - 28.3% 22.5% 18.5% 2019 Est. Population 60 to 74 Years - 20.0% 17.3% 15.8% 2019 Est. Population 75 Years or Over - 5.0% 4.9% 4.5% 2019 Est. Median Age 46.3 41.1 37.2 2019 Est. Male Population - 67.7% 59.6% 54.3% 2019 Est. Female Population - 32.3% 40.4% 45.7% 2019 Est. Never Married - 60.1% 54.2% 55.1% 2019 Est. Now Married - 9.7% 17.2% 22.4%
& GENDER 2019 Est. Separated or Divorced - 28.7% 25.1% 20.2% 2019 Est. Widowed - 1.5% 3.6% 2.3% MARITAL STATUS 2019 Est. HH Income $200,000 or More - 2.9% 7.4% 8.9% 2019 Est. HH Income $150,000 to $199,999 - 4.5% 6.5% 6.7% 2019 Est. HH Income $100,000 to $149,999 - 5.4% 12.0% 14.4% 2019 Est. HH Income $75,000 to $99,999 - 7.8% 8.7% 11.2% 2019 Est. HH Income $50,000 to $74,999 - 7.1% 10.4% 14.3% 2019 Est. HH Income $35,000 to $49,999 - 9.3% 8.9% 9.5% 2019 Est. HH Income $25,000 to $34,999 - 11.6% 9.2% 7.8% INCOME 2019 Est. HH Income $15,000 to $24,999 - 8.2% 9.8% 9.2% 2019 Est. HH Income Under $15,000 - 43.2% 27.1% 17.9% 2019 Est. Average Household Income $0 T $32,642 $62,520 $84,919 2019 Est. Median Household Income $0 T $24,571 $48,365 $62,428 2019 Est. Per Capita Income $0 T $24,159 $43,393 $56,544 2019 Est. Total Businesses 0 T 2,274 5,570 9,149 2019 Est. Total Employees 0 T 28,667 70,808 111,578 FULL PROFILE COMMERCIAL CRA REALTY ADVISORS 2000-2010 Census, 2019 Estimates with 2024 Projections NORTHWEST LLC Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 45.5196/-122.6802
719 SW Morrison Street 0.25 mi 0.5 mi 1 mi radius radius radius Portland, OR 97205
2019 Est. White - 74.4% 78.7% 80.6% 2019 Est. Black - 10.1% 7.0% 4.6% 2019 Est. Asian or Pacific Islander - 6.0% 6.1% 7.0%
RACE 2019 Est. American Indian or Alaska Native - 2.1% 1.4% 1.0% 2019 Est. Other Races - 7.4% 6.8% 6.8% 2019 Est. Hispanic Population 0 T 124 997 3,083 2019 Est. Hispanic Population - 6.9% 7.1% 6.9% 2024 Proj. Hispanic Population - 7.1% 7.4% 7.3%
HISPANIC 2010 Hispanic Population - 6.7% 6.2% 5.7% 2019 Est. Adult Population (25 Years or Over) - 1,539 11,499 34,743 2019 Est. Elementary (Grade Level 0 to 8) - 3.9% 2.4% 1.5% 2019 Est. Some High School (Grade Level 9 to 11) - 10.9% 4.8% 3.0% 2019 Est. High School Graduate - 16.4% 11.8% 9.3% 2019 Est. Some College - 29.4% 22.1% 19.4% 2019 Est. Associate Degree Only - 5.7% 6.2% 6.2% EDUCATION 2019 Est. Bachelor Degree Only - 21.0% 31.4% 36.1% (Adults 25 or Older) 2019 Est. Graduate Degree - 12.8% 21.3% 24.6% 2019 Est. Total Housing Units - 1,132 9,702 30,646 2019 Est. Owner-Occupied - 5.7% 11.5% 15.4% 2019 Est. Renter-Occupied - 91.1% 83.6% 79.7%
HOUSING 2019 Est. Vacant Housing - 3.2% 4.9% 4.9% 2019 Homes Built 2010 or later - 5.7% 5.4% 8.6% 2019 Homes Built 2000 to 2009 - 11.9% 15.8% 17.5% 2019 Homes Built 1990 to 1999 - 5.4% 11.3% 11.6% 2019 Homes Built 1980 to 1989 - 12.7% 10.6% 8.6% 2019 Homes Built 1970 to 1979 - 7.7% 12.3% 9.5% 2019 Homes Built 1960 to 1969 - 2.3% 2.5% 5.4% 2019 Homes Built 1950 to 1959 - 5.4% 4.5% 5.6%
HOMES BUILT BY YEAR 2019 Homes Built Before 1949 - 45.7% 32.7% 28.4% 2019 Home Value $1,000,000 or More - 5.6% 3.5% 5.0% 2019 Home Value $500,000 to $999,999 - 41.8% 34.4% 41.3% 2019 Home Value $400,000 to $499,999 - 25.2% 23.7% 17.8% 2019 Home Value $300,000 to $399,999 - 16.8% 30.9% 31.6% 2019 Home Value $200,000 to $299,999 - 17.3% 15.0% 9.7% 2019 Home Value $150,000 to $199,999 - 0.6% 0.9% 0.8% 2019 Home Value $100,000 to $149,999 - - 0.7% 0.6% 2019 Home Value $50,000 to $99,999 - 1.7% 0.3% 0.6%
HOME VALUES 2019 Home Value $25,000 to $49,999 - 0.6% 0.3% 0.2% 2019 Home Value Under $25,000 - - 0.8% 0.6% 2019 Median Home Value $0 T $471,410 $429,739 $513,430 2019 Median Rent $0 T $673 $916 $1,102 FULL PROFILE COMMERCIAL CRA REALTY ADVISORS 2000-2010 Census, 2019 Estimates with 2024 Projections NORTHWEST LLC Calculated using Weighted Block Centroid from Block Groups
Lat/Lon: 45.5196/-122.6802
719 SW Morrison Street 0.25 mi 0.5 mi 1 mi radius radius radius Portland, OR 97205 2019 Est. Labor Population Age 16 Years or Over - 1,769 13,181 41,064 2019 Est. Civilian Employed - 50.0% 54.1% 61.9% 2019 Est. Civilian Unemployed - 3.2% 3.6% 3.2% 2019 Est. in Armed Forces - - - - 2019 Est. not in Labor Force - 46.8% 42.2% 34.9% 2019 Labor Force Males - 67.4% 60.0% 54.7% LABOR FORCE 2019 Labor Force Females - 32.6% 40.0% 45.3% 2019 Occupation: Population Age 16 Years or Over 0 T 884 7,137 25,410 2019 Mgmt, Business, & Financial Operations - 17.1% 22.3% 22.9% 2019 Professional, Related - 27.3% 30.4% 34.0% 2019 Service - 21.6% 15.6% 13.2% 2019 Sales, Office - 23.6% 22.0% 21.1% 2019 Farming, Fishing, Forestry - - 0.1% 0.3% 2019 Construction, Extraction, Maintenance - 3.2% 2.5% 3.2% OCCUPATION 2019 Production, Transport, Material Moving - 7.2% 7.1% 5.3% 2019 White Collar Workers - 67.9% 74.6% 78.0% 2019 Blue Collar Workers - 32.1% 25.4% 22.0% 2019 Drive to Work Alone - 35.5% 40.1% 44.2% 2019 Drive to Work in Carpool - 6.1% 5.8% 5.1% 2019 Travel to Work by Public Transportation - 22.9% 16.3% 16.3% 2019 Drive to Work on Motorcycle - 0.1% 0.2% 0.2% 2019 Walk or Bicycle to Work - 27.1% 26.7% 23.7% TO WORK 2019 Other Means - 1.4% 1.5% 1.1%
TRANSPORTATION 2019 Work at Home - 6.9% 9.5% 9.4% 2019 Travel to Work in 14 Minutes or Less - 24.7% 31.2% 26.4% 2019 Travel to Work in 15 to 29 Minutes - 25.3% 31.5% 39.4% 2019 Travel to Work in 30 to 59 Minutes - 32.8% 22.6% 25.2% 2019 Travel to Work in 60 Minutes or More - 5.6% 5.5% 5.9%
TRAVEL TIME 2019 Average Travel Time to Work 22.6 19.6 20.8 2019 Est. Total Household Expenditure $0 T $36.64 M $464.34 M $1.81 B 2019 Est. Apparel $0 T $1.29 M $16.49 M $64.37 M 2019 Est. Contributions, Gifts - $1.99 M $26.73 M $106.07 M 2019 Est. Education, Reading - $1.25 M $16.15 M $62.2 M 2019 Est. Entertainment $0 T $1.96 M $25.64 M $101.04 M 2019 Est. Food, Beverages, Tobacco - $5.76 M $71.64 M $277.72 M 2019 Est. Furnishings, Equipment $0 T $1.22 M $15.91 M $62.78 M 2019 Est. Health Care, Insurance - $3.29 M $41.32 M $161.22 M 2019 Est. Household Operations, Shelter, Utilities - $12.57 M $155.29 M $598.9 M 2019 Est. Miscellaneous Expenses $0 T $701.59 K $8.9 M $34.63 M CONSUMER EXPENDITURE 2019 Est. Personal Care $0 T $492.02 K $6.26 M $24.4 M 2019 Est. Transportation $0 T $6.12 M $80.01 M $318.15 M
INITIAL AGENCY DISCLOSURE (OAR 863-015-215(4)) Consumers: This pamphlet describes the legal obligations of Oregon real estate licensees to consumers. Real estate brokers and principal real estate brokers are required to provide this information to you when they first contact you. A licensed real estate broker or principal broker need not provide the pamphlet to a party who has, or may be reasonably assumed to have, received a copy of the pamphlet from another broker. This pamphlet is informational only. Neither the pamphlet nor its delivery to you may be interpreted as evidence of intent to create an agency relationship between you and a broker or a principal broker.
Real Estate Agency Relationships An agent who represents only the buyer owes the following affirmative duties to the An "agency" relationship is a voluntary legal relationship in which a licensed real estate buyer, the other parties and the other parties’ agents involved in a real estate broker or principal broker (the "agent") agrees to act on behalf of a buyer or a seller (the transaction: "client") in a real estate transaction. Oregon law provides for three types of agency 1. To deal honestly and in good faith; relationships between real estate agents and their clients: 2. To present all written offers, notices and other communications to and Seller's Agent -- Represents the seller only. from the parties in a timely manner without regard to whether the property is subject to a contract for sale or the buyer is already a party to Buyer's Agent -- Represents the buyer only. a contract to purchase; and Disclosed Limited Agent -- Represents both the buyer and seller, or multiple 3. To disclose material facts known by the agent and not apparent or buyers who want to purchase the same property. This can be done only with the readily ascertainable to a party. written permission of all clients. A buyer’s agent owes the buyer the following affirmative duties: The actual agency relationships between the seller, buyer and their agents in a real 1. To exercise reasonable care and diligence; estate transaction must be acknowledged at the time an offer to purchase is made. 2. To account in a timely manner for money and property received from or Please read this pamphlet carefully before entering into an agency relationship with a on behalf of the buyer; real estate agent. 3. To be loyal to the buyer by not taking action that is adverse or detrimental to the buyer’s interest in a transaction; Definition of “Confidential Information” 4. To disclose in a timely manner to the buyer any conflict of interest, Generally, licensees must maintain confidential information about their clients. existing or contemplated; “Confidential information” is information communicated to a real estate licensee or the 5. To advise the buyer to seek expert advice on matters related to the licensee’s agent by the buyer or seller of one to four residential units regarding the real transaction that are beyond the agent's expertise; property transaction, including but not limited to price, terms, financial qualifications or 6. To maintain confidential information from or about the buyer except motivation to buy or sell. “Confidential information” does not mean information that: under subpoena or court order, even after termination of the agency 1. The buyer instructs the licensee or the licensee’s agent to disclose about relationship; and the buyer to the seller, or the seller instructs the licensee or the 7. Unless agreed otherwise in writing, to make a continuous, good faith licensee’s agent to disclose about the seller to the buyer; and effort to find property for the buyer, except that a buyer’s agent is not 2. The licensee or the licensee’s agent knows or should know failure to required to seek additional properties for the buyer while the buyer is disclose would constitute fraudulent representation. subject to a contract for purchase. Duties and Responsibilities of a Seller’s Agent None of these affirmative duties of an agent may be waived, except (7). The affirmative Under a written listing agreement to sell property, an agent represents only the seller duty listed in (7) can only be waived by written agreement between buyer and agent. unless the seller agrees in writing to allow the agent to also represent the buyer. Under Oregon law, a buyer’s agent may show properties in which the buyer is interested An agent who represents only the seller owes the following affirmative duties to the to other prospective buyers without breaching an affirmative duty to the buyer. seller, the other parties and the other parties’ agents involved in a real estate Unless agreed to in writing, an agent has no duty to investigate matters that are transaction: outside the scope of the agent's expertise, including but not limited to investigation of 1. To deal honestly and in good faith; the condition of property, the legal status of the title or the seller’s past conformance 2. To present all written offers, notices and other communications to and with law. from the parties in a timely manner without regard to whether the property is subject to a contract for sale or the buyer is already a party to Duties and Responsibilities of an Agent Who Represents More than One Client in a Transaction a contract to purchase; and One agent may represent both the seller and the buyer in the same transaction, or 3. To disclose material facts known by the agent and not apparent or multiple buyers who want to purchase the same property, only under a written readily ascertainable to a party. “Disclosed Limited Agency Agreement” signed by the seller and buyer(s). A seller’s agent owes the seller the following affirmative duties: Disclosed Limited Agents have the following duties to their clients: 1. To exercise reasonable care and diligence; a. To the seller, the duties listed above for a seller’s agent; 2. To account in a timely manner for money and property received from or b. To the buyer, the duties listed above for a buyer’s agent; and on behalf of the seller; c. To both buyer and seller, except with express written permission of the 3. To be loyal to the seller by not taking action that is adverse or respective person, the duty not to disclose to the other person: detrimental to the seller’s interest in a transaction; i. That the seller will accept a price lower or terms less 4. To disclose in a timely manner to the seller any conflict of interest, favorable than the listing price or terms; existing or contemplated; ii. That the buyer will pay a price greater or terms more 5. To advise the seller to seek expert advice on matters related to the favorable than the offering price or terms; or transaction that are beyond the agent's expertise; iii. Confidential information as defined above. 6. To maintain confidential information from or about the seller except under subpoena or court order, even after termination of the agency Unless agreed to in writing, an agent has no duty to investigate matters that are outside relationship; and the scope of the agent's expertise. 7. Unless agreed otherwise in writing, to make a continuous, good faith When different agents associated with the same principal broker (a real estate licensee effort to find a buyer for the property, except that a seller's agent is not who supervises other agents) establish agency relationships with different parties to the required to seek additional offers to purchase the property while the same transaction, only the principal broker will act as a Disclosed Limited Agent for both property is subject to a contract for sale. the buyer and seller. The other agents continue to represent only the party with whom None of these affirmative duties of an agent may be waived, except (7). The affirmative the agents have already established an agency relationship unless all parties agree duty listed in (7) can only be waived by written agreement between seller and agent. otherwise in writing. The principal real estate broker and the real estate licensees representing either seller or buyer shall owe the following duties to the seller and buyer: Under Oregon law, a seller's agent may show properties owned by another seller to a 1. To disclose a conflict of interest in writing to all parties; prospective buyer and may list competing properties for sale without breaching any 2. To take no action that is adverse or detrimental to either party’s interest affirmative duty to the seller. in the transaction; and Unless agreed to in writing, an agent has no duty to investigate matters that are 3. To obey the lawful instructions of both parties. outside the scope of the agent's expertise, including but not limited to investigation of No matter whom they represent, an agent must disclose information the agent knows the condition of property, the legal status of the title or the seller’s past conformance or should know that failure to disclose would constitute fraudulent misrepresentation. with law. You are encouraged to discuss the above information with the licensee delivering this Duties and Responsibilities of a Buyer’s Agent pamphlet to you. If you intend for that licensee, or any other Oregon real estate licensee, An agent, other than the seller’s agent, may agree to act as the buyer’s agent only. The to represent you as a Seller's Agent, Buyer's Agent, or Disclosed Limited Agent, you buyer’s agent is not representing the seller, even if the buyer’s agent is receiving should have a specific discussion with the agent about the nature and scope of the compensation for services rendered, either in full or in part, from the seller or through agency relationship. Whether you are a buyer or seller, you cannot make a licensee your the seller’s agent. agent without the licensee’s knowledge and consent, and an agent cannot make you a client without your knowledge and consent.