REPORTS: Tech companies taking a closer look at Portland




Portland is a great option for growing tech companies

At a fraction of the cost of more established tech markets, smaller markets such as Portland are growing in popularity due to solid demographics and fast growing tech clusters.




SMARTER WORKFORCE
The number of highly educated young people in Portland is among the highest in the nation, with a notable increase in technical, scientific and medical degrees.


Educational Attainment - Percent with Bachelors Degree or Higher Share
Data source: view here

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In educational attainment, Portland ranks #6 in Top 100 cities nationwide.

SHARE OF 25-64 WITH COLLEGE DEGREE

LOWER COST FOR SPACE
Creative/tech office space in Portland is available at a fraction of the cost, making it easy and cost effective to expand.


Office Cost Per Sq Ft Share
Data source: JLL 2017 

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Portland's real estate costs are a bargain compared to other leading markets

COMPANIES SEE GREAT VALUE AND OPPORTUNITY IN PORTLAND.

LOWER WAGES
The cost for top talent in Portland is much more reasonable than other larger, more competitive markets.


Average High Tech Wages Share
Data source: view here

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The average tech salary in Portland is just $85k.

26% BELOW THE SILICON VALLEY RATE.

MORE TALENT
Access to educated and high quality talent in Portland is less competitive than other West coast markets.


Tech Employment Projection Share
Data source: view here

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Portland high tech job growth is outpacing a host of other markets

HEALTHY RATE OF GROWTH MEANS ROBUST TALENT POOL.


LOWER COST OF LIVING

A very reasonable cost of living, combined with a higher quality of life, is a very attractive

package for those looking to relocate.



Average Apartment Rent Share
Data source: view here

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Rent for an average 1 bedroom apartment is just $1,377 per month.

SIGNIFICANTLY LESS THAN OTHER WEST COAST CITIES.


ACHIEVE AMBITION

Portland’s commercial real estate experts


A successful real estate strategy goes beyond finding space. It should take into account not only where you work, but how you work.

We help corporate real estate professionals and business leaders in Portland examine their total cost of occupancy, not just the cost of their of space.

 

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