PORTLAND—Portland's growing talent pool,competitive wages and relatively low cost of living continue toattract high tech firms to the city leading to a healthy increasein leasing activity in the commercial real estate market, accordingto JLL's latest High-Technology Office Outlook market report.Overall market dynamics in Portland, particularly strength in thearea's high tech services job growth, have moved it upsignificantly in JLL's proprietary rankings, landing at8th with a total weighted score of 53.8, up from16th in 2013.
“We've seen strong growth among high tech firms in the last yearwith employment in the sector rising more than 3.5% and this hasbeen one of the major factors leading to a 4.8% increase in officerents,” says Eric Haskins, an SVP at JLL.
The energy level is high as occupiers jockey for the bestcreative spaces and landlords improve their product to appeal tothe need of the high-tech firms focused on talent, retention, andrecruitment. As a result, class A rental rates have escalatedrapidly and close in Eastside options have emerged as the economicoption for entrepreneurial firms.
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