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Portland : Industrial Snapshot - Q2 2013

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Portland : Industrial Snapshot - Q2 2013

Oregon’s economy continued to improve with each passing month and quarter. The rate of job growth accelerated in the first five months of 2013, doubling the average of the past two years. Growth is projected at 1.9% (31,100 jobs) this year, up from last year's 1.2% (20,000 jobs). Momentum builds into 2014, with Oregon Office of economic Analysis forecasting a 2.4% rate of growth (39,800 jobs). Several major factors are behind this positive outlook. The housing market is finally in recovery mode, with strong sales, starts, and prices, and strong gains in construction, manufacturing and trade employment.

Source : Cushman & Wakefield

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