Affordable Commercial Tenanting Program
Contact: assetmanagement@prosperportland.us
Prosper Portland has created the Affordable Commercial Tenanting Program to address a recent dramatic increase in retail rents and decrease in vacancy rates in the city of Portland, which have resulted in the displacement of small businesses from Portland’s urban neighborhoods. The program seeks to:
- reduce barriers to entry for underrepresented businesses
- preserve the vitality of small businesses
- provide business development opportunities that in turn offer needed goods and services to the community
- advance our goal to build an equitable economy
Priority Businesses
Priority businesses are those led by owners who are diverse in terms of race, gender and other demographics typically underrepresented in the business community, and who provide needed business services to the local community. Prosper Portland will evaluate tenants based on their alignment with these priorities.
Locations
The Affordable Commercial Tenanting Program is available at two sites in Lents Town Center in SE Portland, Alberta Commons in NE Portland, 10Y in downtown Portland, and Halsey 106 in Gateway, offering access and assistance to qualified businesses in the form of an equitable application process, access to space, and in some cases additional incentives designed to lower the barriers to entry for emerging and small businesses, such as reduced rent, tenant improvement contributions and technical assistance.
The Nick Fish
A multi-partner collaboration between Prosper Portland, Portland Housing Bureau, Human Solutions and Gerding Edlen, The Nick Fish is a mixed-use, mixed-income catalytic project in the Gateway Regional Center TIF District, adjacent to Gateway Discovery Park at NE Halsey Street and NE 106th Avenue.
The Stash Tea Building Leasing Opportunities
Prosper Portland offers the Affordable Commercial Tenanting Program at the Stash Tea Building, a full block of commercial space in the prime West End area of downtown Portland at SW 10th Avenue and SW Yamhill Street. The revitalized building offers a variety of spaces to create a cohesive and complementary mix of tenants.
Lents Town Center Affordable Commercial Tenanting Program
Prosper Portland offers the Affordable Commercial Tenanting Program at two sites in the heart of the Lents Town Center.