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Portland, Or : Industrial Snapshot - Q1 2014

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Portland, Or : Industrial Snapshot - Q1 2014

Portland’s economy continues to make positive strides. The unemployment rate has consistently improved each year since 2010, standing at 6.4% as of the end of March, a 150 basis point (bp) improvement from the March 2013 unemployment rate of 7.9%, according to the State of Oregon Employment Department. Area employment grew by 2.5% over the last 12 months, significantly better than the US growth rate of 1.6%. Manufacturing, exports and housing are expected to continue at a healthy pace throughout 2014 according to Moody’s Economy.

Source : Cushman & Wakefield

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