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Portland, Oregon Has Increased Office Inventory By 11.2% In the Last 10 Years

Property Management in Portland Oregon

Portland, Oregon Has Increased Office Inventory By 11.2% In the Last 10 Years

PORTLAND, OR. – Are you planning on relocating your business to Portland? If so, there’s never been a better time than right now especially since a recent study by CommercialCafe has confirmed that the PDX area has increased it’s office inventory by 11.2% in the last 10 years.

This is good news for the Portland area because it means that the PDX area is poised to accommodate the variety of companies that have been relocating to the area or opening up new corporate offices here in recent years.

Prime Portland Oregon Office Space

Over the last few years we’ve many companies relocate to the Portland area or start new offices here, some of the biggest names include: Google, Coaxis, Exelixis and SurveyMoney.

Where are the most in demand areas for office space in Portland? They include the Pearl District, Chinatown, and the West End—collectively grew by 24%, adding 3.6 million square feet.

Similarly, Seattle grew by 17%, adding 22.2 million square feet of office inventory.

As in years past, the downtown area has enjoyed huge growth, but what’s been different over last 10 years is that more offices are starting to be constructed just outside of the PDX area as well.

It’s easy to see why some companies want to be in suburban areas versus downtown growth is often easier in suburban areas, the commute isn’t as brutal, and it’s possible for people to get home quicker at the end of the day than it is if they have to commute from the downtown area.

Image credit – Commercial Cafe

 

32 Million Square Feet of Office Space Available in The Pacific Northwest

Besides Portland, did you know that there is 32 million square feet of office space as a whole available in the Pacific Northwest? That’s right! This makes Oregon and Washington more ideal by the day for companies that are looking for relocation destinations that offer their employees a wide variety of recreation and lifestyle options that they can’t find elsewhere nationwide.

Yes, companies like Facebook are choosing the Pacific Northwest for relocation because there is affordable land in the PNW which enables large companies like FB and Google to build office campuses instead just office buildings.

In 2019-2020 with more companies building office campuses, top technology companies are also offering their employees more amenities overall like free meals, snacks, transportation and other options to help their employees achieve a work-life balance and keep them happy.

Contact Rent Portland Homes Professionals

To learn more about relocating to Portland, or to search for available rental properties, contact Rent Portland Homes – Professionals by calling us at (503) 447-7735 or click here to connect with us online.

 

 

 

Rent Portland Homes - Professionals