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Archive for the ‘square feet’ Category

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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Jones Lang LaSalle Portland creates a Chart of the Week (fondly coined the COW) which shows various trends and change in our area vs. the rest of the U.S.  When it comes to technology, food, and transportation we often rank near the top. This week, in addition to some noteworthy technology firms gaining traction on the national scene, Portland also ranked high for women entrepreneurs.

COW

Forbes Most Promising Tech Firms and Women Entrepreneurs

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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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