Southwestern Idaho driving state's ongoing population surge
Most people moving into the Gem State are landing in the greater Boise area
The Gem State’s population surpassed the 2 million mark in 2024 for the first time, indicating a change of over 30,000 people.
Job growth in Boise, Idaho, outperformed the nation in many sectors last year
Boise saw continued strong gains in the education and health sector, along with construction
The non-seasonally adjusted employment data for Boise, Idaho, from the U.S. Bureau of Labor Statistics indicates the metropolitan area added 9,400 jobs during 2024. This equates to...
Portland, Oregon’s apartment occupancy growth concentrated on the Washington side of the area
In past decade, Vancouver, Washington, accounts for 22% of demand for top 15 sub-areas
Portland, Oregon’s multifamily market began 2025 with relative strength. Leasing has picked up, and new supply additions are set to taper. Thus, the vacancy rate is downshifting af...
Washington, Marion and Deschutes counties lead Oregon’s 2024 population rebound
Handful of counties saw net growth from natural change; Positive net migration drove all other increases
The Beaver State’s population has increased to just under 4.3 million people, based on the U.S. Census Bureau’s recent 2024 population estimates. The results could provide strong t...
Office investment activity shows small signs of life in Portland, Oregon
Fourth quarter of 2024 busiest since mid-2021; Nearly $200 million in total volume
Office investment activity in Portland rebounded slightly during 2024 to $469 million, a 6% increase year over year. In the fourth quarter alone, the market posted just under $200 ...
Is Portland, Oregon’s office market turning a corner? Dwindling sublease availability may be a clue.
For now, it doesn’t seem uptick in sublet leasing is driving the shift
Since peaking at more than 14% during the fourth quarter of 2022, the percentage of available space attributable to sublet offerings has dropped to just over 10% in Portland. The 4...
Expecting a recovery in apartment pricing, investors drive dramatic increase in Portland multifamily sales
Flurry of fourth-quarter deals pushes the 2024 total to a 63% increase from 2023
Investment activity in Portland, Oregon's apartment sector rebounded sharply in 2024, particularly in the fourth quarter. Anticipating a pricing recovery, investors snapped up $1.5...
As Pacific Northwest population grows, multifamily may feel the squeeze
Washington, Oregon and Idaho gained residents in 2024
According to the latest growth estimates from the U.S. Census Bureau, three states encompassing the Pacific Northwest turned in solid year-over-year population gains between 2023 a...
Here's why slowing construction could give Portland's industrial market a boost
Completions in Oregon region forecast to dwindle through mid-2026
Despite an uptick in groundbreakings during the fourth quarter of 2024, the industrial construction pipeline in Portland, Oregon, has continued shrinking. Still hampered by a debt ...
Boise's industrial market was set for a record 2024. It fell short.
New deals lagged 2023 figures but exceeded previous five-year average
After a flurry of leasing in the second and third quarters of 2024, the Boise, Idaho, industrial market seemed on pace for a record year. But as the year closed, tenants took a ste...
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....