Regions West | Seattle/Portland
June 4, 2008
Greater Portland can expect 100,000 new jobs and a 29 percent increase in gross regional product by 2013, according to the 2008 Greater Portland Prosperity Index, released today by Greenlight Greater Portland. The first annual Index compares the Portland metro area on a range of business, demographic and quality-of-life metrics to nine other competitive metropolitan areas such as Seattle, Denver, Sacramento, San Francisco, San Jose, Los Angeles, San Diego, Albuquerque and Austin. Greater Portland’s class A office space is $25.30 per square foot when compared with Los Angeles’ $63.70 or San Francisco’s $46.90. This region also has the second-most affordable industrial space of the benchmark metros, at $6.34 per square foot. Greater Portland’s population is projected to grow 8 percent in the next five years, to nearly 2.4 million people. GRP is slated to top $144 billion in that time, up from $111.4 billion in 2008.
Greater Portland can expect 100,000 new jobs and a 29 percent increase in gross regional product by 2013, according to the 2008 Greater Portland Prosperity Index, released today by Greenlight Greater Portland. The first annual Index compares the Portland metro area on a range of business, demographic and quality-of-life metrics to nine other competitive metropolitan areas such as Seattle, Denver, Sacramento, San Francisco, San Jose, Los Angeles, San Diego, Albuquerque and Austin. Greater Portland’s class A office space is $25.30 per square foot when compared with Los Angeles’ $63.70 or San Francisco’s $46.90. This region also has the second-most affordable industrial space of the benchmark metros, at $6.34 per square foot. Greater Portland’s population is projected to grow 8 percent in the next five years, to nearly 2.4 million people. GRP is slated to top $144 billion in that time, up from $111.4 billion in 2008.
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