Portland is a quaint old city set in the northwest area of the United States. Portland is Oregon’s most populated city with a population of 557,706 people enough people to cause a demand for Portland commercial office space to rent quickly. The city itself is well known as the most environmental friendly city in the United States. Its ‘clean’ ventures are mainly due to its responsible citizens who are in the midst of making the city green. Its population growth rate is very low compared to other cities and is at 1.07 percent. However the metropolitan area has recorded a significant growth. Its crime rate is at 87 per one thousand residents which is also not very high as compared to other cities of the same caliber. We list office spaces for rent all over the local Portland, OR area, including Aloha, Hillsboro, Tualatin, PDX, MIdtown, and Downtown. We also offer spaces in the Seattle area if you need a nearby location.
Portland Local Economy and Businesses:
Some of the major business sectors in Portland include real estate and construction, manufacturing and logistics. Portland’s ideal location at the North South and East West Interstate is said to be a booster for business growth and development. Also, its high quality of living status is very encouraging for people to work and live there. Oregon’s urban growth planning has ensured that Portland’s developments (some being commercial office space) stayed within the sustainable boundaries. In 2009, Forbes Magazine reported that Portland is the third safest city to live in the United States. Situated at the meeting point of two major rivers and being a coastal town, Port of Portland is famous for being third biggest port in the west coast of USA. Portland is the largest supplier of the wheat and retains the second rank in the world.
Commercial Development in Portland:
New commercial development has been affected here in Portland as with the rest of the country, not to mention globally. Average Portland commercial office space vacancy rate has gone up to 11 as many small time business owners have closed shop given the financial duress. Average office space rental has gone down and the rate is averaging at $20 $25 per square foot. In the light of federal stimulus packages and global recovery trend, the light at the end of the tunnel is becoming visible to many business owners and plans are being made for a complete recovery. For more news on Portland and other important commercial real estate sectors check out our office space article section.
Downtown Portland Commercial District:
The downtown district of Portland and the heart of the city is famous for the various bridges that cross the city. Some of the well noted bridges are the Ross Island Bridge, the Marquam Bridge and the Morrison Bridge. Many of the city’s high rise buildings are also located here. Downtown Portland offers office spaces and executive suites for all types of companies (including serviced units, temporary space, conference rooms, and larger buildings for rent). The Lloyd district is said to be one of the most populated in terms of business development and residential areas. It is very pleasant to take a stroll downtown as it has maintained its original look and feel of the streets being narrow, square and compact. Also, you can’t get lost if you just follow the grid which will end up basically guiding you throughout the entire city.
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