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Portland Commercial Real Estate In-depth
With an ethnically diverse population of almost 2 million, Portland is the 28th largest metropolitan area in the country, the fourth largest city on the West Coast, and the largest city in the state. The city and region are noted for strong land-use planning and investment in public transit, making Portland commercial real estate a g...
Portland Commercial Real Estate In-depth
With an ethnically diverse population of almost 2 million, Portland is the 28th largest metropolitan area in the country, the fourth largest city on the West Coast, and the largest city in the state. The city and region are noted for strong land-use planning and investment in public transit, making Portland commercial real estate a great choice. The Portland commercial real estate market has seen much interest in both Portland commercial real estate for lease and Portland commercial real estate for sale.
Portland commercial real estate has something for every type of business. From the high-tech campuses of the region's west side, to the vibrant downtown and Lloyd District, the fast-growing South Waterfront, the urbane Pearl District and the east side's eclectic and bustling town centers, the region offers a wealth of attractive commercial real estate locations in Portland.
The Portland region has not only been acclaimed as one of the most livable metropolitan areas in the U.S, but it also boosts many advantages for business looking for commercial real estate in Portland to expand, open or relocate their company.
Today, Portland is the third largest export tonnage port on the West Coast, with import and export shipments of $11.8 billion in 2003. Easy access to the north/south and east/west interstate freeway system, international air service, and both west coast intercontinental railroads make Portland an important distribution center, companies with this need see the advantages that Portland commercial real estate can provide.
Portland enjoys a long history of association with high-technology industries, beginning with Tektronix in 1946. There are now more than 1,200 technology companies currently operating with commercial real estate in Portland. In 2004, Portland's largest employer was microcomputer components manufacturer Intel Corporation. Well-established support industries and farsighted commercial real estate planning continue to draw electronics, computer, and other high-technology companies to the area.
Portland commercial real estate has many incentive programs for new companies looking for commercial real estate in Portland or existing companies looking to expand or relocate their company with Portland commercial real estate. World Trade Center Portland assists businesses involved in international trade. Business in Portland allows area businesses to access valuable information to help them succeed, including site location assistance, store-front improvement grants, contract opportunities, and economic and demographic data. The Port of Portland, working with other local and state departments, offers a variety of businesses development and incentive programs, including a Small Business Development Program, a Disadvantaged Business Enterprise Program, and a Mentor Program. The Portland Development Commission administers a variety of programs to assist new, existing, and expanding businesses, such as the new Economic Opportunity Fund and the Enterprise Zone, E-Commerce Zone, Storefront Improvement Program, Quality Jobs Program, Employee Investment Program, and other assistance programs.
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