Portland : Glisan Street commercial corridor retail market analysis

Abstract

In conducting this study, specific trade areas were defined. The Corridorâ s neighborhood (1-mile) and community (2-mile) trade areas, drawn as concentric circles originating from its center point at the intersection of NE Glisan Avenue and 69th Avenue were selected based upon a variety of factors, including, but not limited to, recent redevelopment, population demographics, business association activity and geographic proximity to other major malls and retail centers that are likely to compete with Corridor businesses for customers. While retail and commercial service businesses along the Corridor serve customers beyond the trade areas selected for this study, the majority of customers are presumed to originate from within a 2-mile area given the predominance of small businesses and neighborhood retailers along the Corridor and the close proximity of other major corridors, such as Sandy Boulevard and 82nd Avenue, which may compete with the Glisan Corridor for customers. The sales gap analysis will identify gaps in the existing business mix for the neighborhood and community trade areas and identify industries where there is a surplus of goods and services. [From the document]