|| Print ||
|Articles - May 2011|
|Wednesday, April 20, 2011|
Page 3 of 6
By national standards, Oregon is considered “under-retailed,” with 18.9 square feet of shopping center space per capita compared to the national average of 23.7 square feet. There are two major reasons for this. The state’s tougher-than-average land-use laws slow the spread of retail-friendly sprawl, and the lack of a sales tax limits the government’s incentive to rubber-stamp all retail requests in order to bring in more tax revenues.
But while Oregon’s 19 feet of shopping centers per person is low by U.S. standards, it is enormous compared to France and other nations that have embraced buying locally over chains. The average in most of Europe and Canada is closer to 2 square feet per capita.
For communities already defined by blighted commercial strips, the notion of becoming more like Paris is more than slightly complex. “You don’t solve this puzzle easily,” says Reeves. “It’s expensive and there’s not a lot of money out there.”
Further complicating matters is the fact that, as much as urban planners and retail consultants hate them, commercial strips kind of work. About 35,000 people drive up and down McLoughlin each day, and enough of them stop in to buy a car or a pawned guitar or a lap dance to keep those businesses open. Rents are low compared to the rest of the Portland area, and that’s not a bad thing for everyone.
“These areas do provide low-cost space,” points out Jerry Johnson of Portland-based real estate consultancy Johnson Reid. “Certain businesses are great businesses but only if they have low-cost space.”
Robert Bach, chief economist for California-based real estate firm Grubb & Ellis, argues that reports of the commercial strip’s death have been greatly exaggerated. “Strip centers are based on convenience,” he says, “and there will always be some demand for what they offer.”
Portland landlord Barry Menashe, who owns property in suburban strips in Beaverton and Gresham as well as downtown, also scoffs at the argument that commercial strips are doomed. “There’s still cars, neighborhoods, people, customers. They aren’t just going to go away.”
He has a point. But can commercial strips make the changes necessary to remain competitive? In some ways and in some areas, they already have. For one thing, strip centers are becoming more ethnically diverse. One fully packed center along Highway 99W, the Tigard Plaza, contains a fish and chips joint, a Chinese seafood market, an Italian Deli, an Indian imports store, a Vietnamese beef noodle soup house, an Asian grocery store, a pizza place, a Mexican tienda with fresh bread and money wiring services, a driving school, a tattoo and body-piercing shop, a co-ed fitness center, a barber shop and more.
The same low rent that enables a no-credit used car lot to survive also allows ethnic Chinese herb shops and bilingual beauty centers to take hold. The most prosperous example of diversity on a local strip may be the Fubonn Shopping Center on 82nd Avenue, billed “the largest Asian shopping center in Oregon.” Completed in 2005, Fubonn has transformed a formerly bland strip location into a lively collection of coffee houses and bubble tea shops, Vietnamese restaurants and shops selling books, music and jewelry. Just down 82nd on the opposite side of the street from Fubonn, a huge former multiplex theater has been transformed into a Slavic church.
Friday, October 31, 2014
BY LINDA BAKER | OB EDITOR
Why are there so few transportation startups in Portland? The city’s leadership in bike, transit and pedestrian transportation has been well-documented. But that was then — when government and nonprofits paved the way for a new, less auto centric way of life.
Friday, December 12, 2014
BY LINDA BAKER
Studying ground-running birds, a group that ranks among nature's speediest and most agile bipedal runners, to build a faster robot.
Wednesday, November 26, 2014
BY NISHANT BHAJARIA | OP-ED CONTRIBUTOR
By now, anyone who knows about it has a position on President Obama’s executive order on immigration. The executive order is the outcome of failed attempts at getting a bill through the normal legislative process. Both Obama and his predecessor came close, but not close enough since the process broke down multiple times.
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE
Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF
An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.
Saturday, December 13, 2014
Seven tidbits of information from an agency partner and co-founder of Waggener Edstrom in Lake Oswego.
Tuesday, December 02, 2014
BY LINDA BAKER
A conversation with attorney Erich Merrill about the latest way to raise money from large groups of people.
|A Complex Portrait: Immigration, Jobs and the Economy|
|Woman of Steel|
|Kill the Meeting|
|Labor dispute at the ports slowing Christmas deliveries|
|Fed stresses 'patience' regarding interest rate|
|Obama to announce end of Cuba isolation|
|Energy prices drop cost of living in US by most since 2008|
|Russia's attempt to slow ruble freefall fails|
|AAA: Holiday travel could set record this year|
|Sub-$2 gas prevalent across US|
Is your business ready to join us in the call for action? This opening panel includes Oregon businesses who will discuss why they signed the Oregon Climate Declaration, the investments they are making to reduce carbon emissions, and how their actions are affecting their companies.
Get ready for two days of special events produced with the EPA, Portland Timbers and ISOS before and after the GoGreen Conference on October 16.
How sports tourism is driving economic growth and making cities across Oregon a better place to live.
Port of Morrow's business-ready attitude has a surprising global impact.
Through its support of the arts, the Cultural Trust is strengthening the business community.
Heed the morals of these seminal holiday stories in your everyday life.
Amy will practice in the firm's Business, Real Estate, and Tax practice groups.
While the Bend City Council ultimately upheld the approval which enables OSU-Cascades to move forward with the 10 acre site, it did also thoughtfully consider the nature of its code requirements, resident concerns and OSU-Cascade’s efforts and suggestions and crafted conditions of approval to address potential impacts of the site in the area.