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BrandsBrokersPropertiesPricing

NW 23rd Avenue

Location
Portland, OR, USA
North of W Burnside St. and South of NW Lovejoy St.
Estimated Gross Rent
$50-$75.00 PSF
Most Desirable Block(s)
300-900 NW 23rd Ave.
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Location
Portland, OR, USA
North of W Burnside St. and South of NW Lovejoy St.
Estimated Gross Rent
$50-$75.00 PSF
Most Desirable Block(s)
300-900 NW 23rd Ave.

Description

A Dynamic High Street With Retail Excellence NW 23rd Avenue, known by natives as the "Alphabet District," has staked its status as one of Portland’s go-to shopping and culinary meccas. This storied street intertwines upscale brands with local character, creating a compelling experience for its diverse clientele. Historically a residential avenue for Portland’s elite, it has evolved into a vibrant retail corridor that is home to a mix of global flagships like Cotopaxi, Faherty, and Arc'teryx alongside beloved local boutiques and dining spots. Credo Beauty is expected to open in 2025, further elevating the the street's allure. The NW 23rd Street Experience From the outdoor-inspired designs of Cotopaxi to the polished sophistication of RH, the street offers a retail experience that is both eclectic and upscale. The addition of On Running’s flagship and Credo Beauty’s Oregon will further enhance the area’s draw for high-profile brands. NW 23rd also thrives on its local flair, with artisan food spots, trendy coffee houses and independent boutiques contributing to the area’s vibrancy.

A Dynamic High Street With Retail Excellence

NW 23rd Avenue, known by natives as the "Alphabet District," has staked its status as one of Portland’s go-to shopping and culinary meccas. This storied street intertwines upscale brands with local character, creating a compelling experience for its dive

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street Details

Annual foot traffic

500,000 people/year

Daily vehicle traffic

15,000 vehicles/day

Population

25,000 people within

Day time population

35,000 people within

Household income (median)

$75,000.00 annually

Age (average)

> 35 years old within

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Available Spaces

Sample Space 1

1000 SF

Suitable for retail, restaurant, office

Sample Space 2

1500 SF

Suitable for retail, restaurant, office

Sample Space 3

2000 SF

Suitable for retail, restaurant, office

News & Alerts
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Popular Cuban-themed restaurant/bar to relocate to Portland, Oregon's NW 23rd Ave.

Popular Cuban-themed restaurant/bar to relocate to Portland, Oregon's NW 23rd Ave.

9 months ago
King Living is opening on NW 23rd Street

King Living is opening on NW 23rd Street

10 months ago

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Local Experts
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Brokers Active on NW 23rd Avenue

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Aesop
Aesop
Arcteryx
Arcteryx
Cotopaxi
Cotopaxi
creo chocolate
creo chocolate
Crossroads Trading Co
Crossroads Trading Co
Dutch Bros Coffee
Dutch Bros Coffee
Ethan Allen
Ethan Allen
Faherty
Faherty

Local Expert Analysis

Market Positioning and Tenant Mix NW 23rd is frequently ranked among the region’s top high streets. Its tenant mix is of brands: flagship stores from major players like Marine Layer, Levi’s, and Pottery Barn sit alongside niche offerings such as Gorjana and Aēsop. For many brands, NW 23rd serves as their flagship or first location in Portland. Financial Metrics Retail rents range from $50 to $75 per square foot, with a vacancy rate below 5%, reflecting the street’s high demand and stability. These figures make NW 23rd an attractive investment for brands looking to establish a lasting presence in the Portland market. The street has a robust leasing activity, fueled by its reputation and steady influx of affluent consumers. Customer Demographics and Foot Traffic The street’s customer base is dynamic, drawing young professionals, affluent families, tourists, and high-income individuals. Foot traffic is consistently high, with weekends and evenings reaching peak activity levels. Its diverse appeal is driven not only by retail but also by its vibrant dining and entertainment options, which include seasonal events like farmer’s markets and activities at nearby Providence Park. This vibrant, year-round activity provides brands with continuous engagement opportunities in a high-visibility environment. Future Trends As NW 23rd expands and evolves – with the arrival of new tenants, coupled with developments like the Uptown Shopping Center. Conclusion The Street is a destination that harnesses Portland’s forward-thinking spirit and dedication to quality. With its mix of flagship stores, local boutiques, and vibrant dining options, it’s a place where brands can thrive and customers return time and again. A place for businesses seeking a high-impact location that guarantees visibility, prestige, and a connection to Portland’s most influential audiences.

Market Positioning and Tenant Mix

NW 23rd is frequently ranked among the region’s top high streets. Its tenant mix is of brands: flagship stores from major players like Marine Layer, Levi’s, and Pottery Barn sit alongside niche offerings such as Gorjana and Aēsop. For many brands, NW 23rd serves as their flagship or first location in Portland.

Financial Metrics

Retail rents range from $50 to $75 per square foot, with a vacancy rate below 5%, reflecting the street’s high demand and stability. These figures make NW 23rd an attractive investment for brands looking to establish a lasting presence in the Portland market. The street has a robust leasing activity, fueled by its reputation and st

...Read more

New Developments

The ongoing redevelopment of the Uptown Shopping Center is set to inject new energy into NW 23rd, providing fresh leasing opportunities and further diversifying its tenant mix. These developments signal continued growth and innovation.