Portland Industrial Market Overview_Q1 2021

PORTLAND MARKET DRIVERS

The boundary has only grown by 14% while popula- tion has grown by 61% since it was originally drawn.

THE URBAN GROWTH BOUNDARY enacted to preserve forests and farmland, support existing employment areas, and safeguard land availability for new development when necessary.

The UGB has been modified 35 times since the initial drawing in 1979.

INBOUND MIGRATION

PORTLAND MSA POPULATION GROWTH

The popular sketch comedy TV show Portlandia dubbed Portland “the place where young people go to retire.” But in reality, it is actually where many young people move not only for the hipster vibe but also for innovative and creative jobs, affordable living and an active, outdoor-focused lifestyle.

2010 2,232,205 people

2020 2,508,350 people

12.4% 276, 45

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new people

Source: Moody’s Analytics

FOR ATTRACTING MILLENNIALS - GoBankingRates 3 #

No. 2 | Best Place for Young Professionals -U.S. News & World Report

#5 Place for Business and Career -Forbes

10 PORTLAND INDUSTRIAL MARKET OVERVIEW / Q1 2021