TECH OFFICE SPOTLIGHT: PORTLAND
Interest in Portland Continues to Grow
The tech industry is taking root in smaller markets across the country, creating big movement in markets such as Portland as seen in tech employment, demand for office space and wages . With solid demographics and costs of employment and rent at a fraction of larger markets (for now), companies both large and small are moving to Portland. This dynamic bodes well for the economy overall, while creating some growing pains along the way.
COST OF REAL ESTATE IS STILL A BARGAIN IN PORTLAND
While the demand for Real Estate continues to rise in Portland, Portland is a bargain compared to other West Coast markets
TECH EMPLOYMENT IS A GREAT VALUE
While salaries in Tech continues to escalate at industry leading rates, those employed in Portland still come at a huge value compared to other West Coast markets.
HOW FAST ARE WE REALLY GROWING?
We hear a lot about Portland's rapid population growth, but among peer cities Portland is slightly behind most others.
However, stats on the construction industry, driven by the boom in multi-family housing, indicate these migration figures don't capture the whole story:
With Portland's rapid growth, the amount of tech-related jobs also continues to grow at a ground-breaking rate.
To take full advantage of the great value Portland offers, from affordable talent, office space and work/life culture, it is smart to check things out sooner than later. The cost of waiting will add up quickly.
A MESSAGE FROM OUR SPONSOR
PORTLAND CORPORATE REAL ESTATE SERVICES
A successful real estate strategy goes beyond finding space. Our professionals uncover opportunities for your Portland-area business to reduce real estate risk, save costs, improve productivity and set the foundation for continued success.
We help corporate real estate professionals and business leaders in Portland change their perspectives by looking at the true cost of occupancy, rather than just the cost of space. This enables businesses to gather meaningful data about their total commercial real estate (CRE) spend, and save costs through more strategic real estate planning and management.