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...
Nonfarm Payroll for Boise, Idaho, Surges Into the Second Half of 2024
Record Employment Reflects a 3.8% Increase From One Year Ago
The preliminary, nonseasonally adjusted employment data for Boise, Idaho, indicates metropolitan area job growth was flat month over month in July. However, hiring since January ha...
Accelerating Leasing and Stabilizing Occupancies Lift Multifamily Rents in Boise, Idaho
Performance Varies, but Some of 2023’s Underperforming Submarkets Have Reversed Course
As the summer months take hold, multifamily leasing in Boise, Idaho, continues to strengthen, and absorption, the change in the number of occupied units, has rebounded. Pushed by a...
Portland, Oregon, Office Leasing Trends Mixed at Midyear Mark
While Some Bright Spots Emerge, Performance Still Trails Pre-Pandemic Averages
Office market challenges in Portland, Oregon, continue into the third quarter of 2024 despite several notable deals pushing both volume and average lease size past 2023’s first-hal...
Report Highlights Strong Economic Outlook for Pacific Northwest
Strong Demand and a Slowdown in Construction Could Raise Rents
A recent report from analytics firm Oxford Economics highlights the Pacific Northwest as poised for continued economic growth, impacting demand for apartments in the region. Washin...
For the First Time in a Year, Multifamily Rents Lift in Portland, Oregon
Performance Varies Across the Region, but Many Submarkets Surpassed 2023 Metrics
As the summer months take hold, multifamily leasing in Portland, Oregon, has strengthened and absorption, the difference between move-ins and move-outs, has subsequently rebounded....
Pacific Northwest Well-Represented Among Small Apartment Markets With Strengthening Occupancy Rates
Some Regions Have Benefitted From Strong Population Growth and a Vibrant Outdoor Culture
As a prolonged supply glut begins to recede and demand begins to rebound, the national vacancy rate is anticipated to ease in the second half of 2024.
Retail Development in Portland, Oregon, Expected To Stay Sluggish
Groundbreakings Fail To Generate Any Upward Momentum, As Space Underway Trends Below 10-Year Average
The retail property construction pipeline in Portland, Oregon, remains stagnant as starts underwhelm and developers exercise caution in site selection.