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COW_Portland_September29

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COW_Portland_September8

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Industrial Development Increases in Sunset Corridor

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Tied with San Francisco, but considerably more affordable, Portland registered an Overall Office Vacancy Rate of 11.2%, the lowest level since the peak of activity in 2008.

Tied with SanFran for lowest office vacancy

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Oregon ranks #1 among the states when it comes to the portion of the GDP which can be attributed to manufacturing. Oregon’s manufacturing, specifically durable goods, continues to be a strong contributor to our economy. Durable good manufacturing is very cyclical and jobs are directly tied to overall output. This will bode well for Oregon’s employment as production continues to accelerate.  A trend of expanding and bringing manufacturing back into the states, “reshoring”, has recently been seen in Portland by the likes of Oracle and Shimadzu.

OR GDP is 29% manufacturing

OR GDP is 29% manufacturing

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Oregon ranked #2 for inbound residential migration, just behind Washington D.C.  One might consider D.C. a bit of a salad spinner given the primary employment is government and that rotates frequently.  New Portland residents are moving from:

1. California

2. Texas

3. Arizona

4. Illinois

5. New York

COW_Portland_February 21_

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Dachis Group (formerly XPLANE and StepChange) made a move into downtown Portland from the Pearl District in early Spring (March/April), effectively doubling their office space. Merging two companies under one roof was no easy task, so it was key that everyone felt the new office space supported the culture of the firm in Portland. 

After an extensive search, a location was identified in the Commonwealth Building on SW Sixth Avenue. It is on the ground floor and has its own entrance and a mezzanine level. Previously occupied by an architecture firm, the space features exposed concrete ceilings, huge windows and an old safe. The look ties nicely to the creative vibe Dachis desires.  The location places them in close proximity to mass transit, food carts, and all the energy of the downtown core.

A major build out included 7-8 small conference/collaborative workrooms and 2 large conference/presentation rooms.  An extensive kitchen with adjoining lounge to accommodate ping pong and shuffleboard was added to create a relaxing and fun hang out area for everyone. The mezzanine level is a winding curve shape affixed atop several large concrete pillars and provides some interesting opportunities for peeking down onto common areas.  A fading frosted glass technique was used on the windows to prevent pedestrian traffic from seeing in while still allowing natural light into the space. Building amenities include a fitness center, showers, lockers and secured bike storage for those who commute on two wheels.

All in all, one very cool space for thinking creatively.

Client: Dachis Group

Building: Commonwealth Building

Address: 421 SW Sixth Avenue, Portland, OR

Size: 18,097 RSF

dachis open workstations

view of fading frosted windows

mezzanine dev workstations

lounge area

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