Payrolls surge in Idaho capital, defying expectations
Employers fill nonfarm positions as population growth pushes economic expansion
Nonfarm employment is booming in Idaho's capital city.
Portland might get its lowest number of new apartments since 2013
Trend could encourage rent growth in Oregon region as vacancy tightens
Mere weeks into 2025, multifamily construction in Portland, Oregon, has weakened dramatically.
Portland's industrial leasing was active in much of 2024. Now, tenants are taking a pause.
Some Oregon tenants scaled back in the fourth quarter to assess 2025 outlook
After a flurry of industrial leasing in the second and third quarters of 2024, Portland, Oregon, tenants took a step back as the year came to a close.
More Idaho Falls apartments are in the works, but vacancies have likely peaked
Developers are set to bring more units on line, but leasing remains strong, and starts have slowed
The sharp increase in the multifamily vacancy rate in Idaho Falls, Idaho, that began in 2021 appears to have peaked.
With new construction tight, some Portland retail tenants lease older space
Well under 10% of the Oregon market's available space was built after 2011
Minimal move-outs, rapidly slowing construction and increased demolitions have left little available space in Portland, Oregon's, new retail properties.
Construction hiring is slow in Portland, Oregon, and apartment starts aren't helping
Despite comeback from 2023 losses, several job sectors are still behind on a year-over-year basis
Portland, Oregon’s metropolitan area gained 27,500 jobs since January 2024. But stagnant hiring for the region's office-using workers and construction sectors paints a complicated ...
Job gains remain strong in Boise, Idaho, move further into record territory
Employment now stands at more than 410,000, a 3.76% change from one year ago
The preliminary non-seasonally adjusted employment data for Boise, Idaho, from the Bureau of Labor Statistics indicates the metropolitan area added 1,600 jobs month over month in O...
Shrinking domestic migration weighs on Oregon's population
Sun Belt states, along with Pacific Northwest neighbors, pushed migration from the Beaver State
In 2023, just over 125,000 residents moved to Oregon. However, another 131,000 people left the Pacific Northwest state, leading to a net loss of 6,000 in its population via domesti...
Migration and manufacturing could shed light on future Idaho multifamily market
The Gem State gained about 17,000 residents from domestic migration
In 2023, just under 82,000 residents moved to Idaho through domestic migration while 65,000 left the state. That net gain of 17,000 people offers insight into the future of multifa...
California sees largest share of residents moving to or from Pacific Northwest
Meanwhile, southern states had the largest share of migration from the region
In 2023, about 334,000 residents moved to the Pacific Northwest of the United States, according to recently released state-to-state migration flow data from the U.S. Census Bureau....
Industrial leasing volume gains steam in Portland, Oregon
Megadeals in the second and third quarters carry 2024 load
Industrial leasing activity in Portland, Oregon, is picking up steam in 2024 compared to years prior — and it's largely thanks to a series of megadeals.
Industrial leasing holds steady across Boston region
Vacancy pressures likely to ease in the coming quarters, as construction levels decline
Boston’s steady downturn in quarterly industrial space leasing volume, which began in late 2021, appears to have stabilized for now.
Will multifamily concession rates in Seattle and Portland peak soon?
Vacancies could fall but Washington and Oregon's largest markets need to work through near-term supply
As the waves of apartment completions that blanketed Portland, Oregon, and Seattle over the past 18 months slow substantially, multifamily supply trends in both markets are taking ...
Around Boise, Idaho, suburbs lead retail development and leasing
Tenants stay on the offense in nearby Meridian
The retail market in Boise, Idaho, has near-record low availability, leaving tenants with few options. But the area's surrounding suburbs offer some alternatives.
In Boise, Idaho, multifamily construction wanes rapidly
About 1,900 apartment units are underway
Multifamily supply trends in Boise, Idaho, have taken a turn as the waves of apartment completions that blanketed the market from 2022 through the first part of 2024 slow substanti...
Has retail investment volume in Portland, Oregon, stabilized?
As larger institutions face high debt costs, private buyers and owner-users fill the void
In mid-2022, retail property sales in Portland, Oregon, nosedived. By the third quarter of 2024, however, that sharp fall leveled as private buyers and owner-users took the place o...
Boise, Idaho’s, office market remains in a general state of balance
Minimal new construction and steady leasing have kept vacancies from running away
As of the third quarter of 2024, Boise's office market exhibits visible tightness compared to the national index and other gateway markets.
How much room do multifamily rents in Portland, Oregon, have to run?
When accounting for supply dynamics, history suggests current uptick could gain steam
Thanks to an active suburban renter base and some neighborhoods in the region regaining popularity, multifamily leasing in Portland, Oregon, continues to strengthen as the summer m...
Layoffs loom, but Portland's office hiring slump is reversing course
Professional and business services, financial activities and information sectors have gained jobs in Oregon's largest city
Portland, Oregon, is seeing an uptick in hiring for office jobs this year.
Stagnant Job Growth in Knowledge Work Sectors Provides Little Solace to Boston’s Office Market
Despite Losses in Key Sectors, Boston Area has Added Just Over 30,000 Jobs Since July 2023 as Nonfarm Payrolls Inch Closer to Pre-Pandemic Mark
Preliminary employment data for Boston from the Bureau of Labor Statistics indicates hiring slowed slightly across the metropolitan area in July, with seasonal losses in the Govern...