Office Suite Rates:

Despite the large amounts of opportunities that exist in a variety of industries in Portland, the area has an unemployment rate of 11% and is higher than the national average. Analysts have a positive outlook in the near future, due in large part to the national economic picture getting relatively better. The area has a large amount of office suites available to entrepreneurs of all backgrounds. The office space vacancy rate of Portland is 10% and is looking to improve in the near future. A recent survey of the open office space yielded results starting at around $500 for a small office space, and $1 a square foot for 1,000 square feet and more. There are also a large amount of retail storefronts available in prime locations, at around $2 a square foot, with extra storage space and some with warehouse space adjacent. We also service office suites and executive suites for lease in Seattle, Boise, San Francisco, and Salt Lake City. If you want to read up more on the national commercial real estate market (with business centers, buildings, downtown, etc.) then be sure to check out our office space articles. The city of Portland is one of the larger cities in the Northwest region of the United States. It has an estimated population of 582,130 and a greater metropolitan estimated population of around 4.2 million residents. The city is one of the biggest hubs for “diy” enthusiasts, small business, and high technology.

Population / Jobs:

In the last decade, the city of Portland has had a great population growth larger than the national average. The area is home to a lot of major industries, and the low energy cost makes it a great location to start or grow a business. Some of the large companies in the area include, Adidas, Columbia Sportswear, Bacon skateboards, Nike, and Schnitzer Steel Industries just to name a few. The city has also been named “Silicon Forest” for the high concentration of technology companies, and has 1,200 technology companies in the greater Portland metropolitan area, the largest being Intel, with 14,000 employees. Portland also has a good amount of private sector businesses, and has a great connection to the alternative transportation community. It features a great amount of resources for those looking for not only bicycles, but also “diy” options. The job market is reflective of the vacancy rate in the commercial office world because if nobody is hiring then nobody is renting offices.

Crime / Culture:

The city of Portland has a great number of higher learning centers available to people that are looking to get a degree. Regardless of what the education goal is, the city has a great wealth of opportunity for those seeking higher education. Some of the colleges that call the area home include, Portland State University, Art Institute of Portland, University of Portland, Oregon College of Art & Craft, Concordia University, and Multnomah University, just to name a few.
The local airport is Portland International Airport and is responsible for 95% of the air travel in the state. It helps roughly 14 million passengers annually move through the greater Northwest and many international locations like Canada, Japan, Mexico, Netherlands and much more.
The crime rate of Portland is 87 per one thousands residents, and has a high concentration of gang violence in some areas. Much like many other different large cities, there are a lot of safe areas, and a few areas of concentrated crime. The local law enforcement has trumped up efforts to squash the violent crimes, and have been relatively effective in recent years.