Green News is Good News
Portland’s commercial real estate market is positioned to “roll through the downturn” according to market analysts. We should see more activity in 2009 for commercial real estate because our market is performing better than the national average and real estate is cheaper in comparison to other markets in the western half of the U.S.
Oregon is also poised to benefit significantly from a stimulus package aimed at sustainable business practices. According to a University of Massachusetts Amherst report titled Green Recovery, the passage of a short-term $100 billion green economic stimulus package could net Oregon $1.2 billion and 27,307 jobs. Here’s hoping for a better, less greedy green in 2009.
Now, on to the activity indices for Portland. With 2008 over and commercial real estate activity at a lull in December, a few groups cinched up space by year end and start out 2009 with shiny, new digs.
TechDex (apps|hardware|provider|var)
Crowd Factory- Oregon Trail Building | 333 SW Fifth Ave. | 4,396 SF
Lush Productions – Banfield Plaza | 7931 NE Halsey | 1,615 SF
Columbia Soft – 1 Lincoln | 10300 SW Greenburg Rd. | 7,206 SF
NetBiz Inc. - 7604 SW Mohawk St. | 7,050 SF | expansion
Lasso NW – 8060 SW Pfaffle St. | 5,097 SF
MediaDex (traditional|digital|research)
Oliver Wyman – Bridgetown Printing | 1621 NW Thurman | 11,036 SF | renewed
Lush Productions – Banfield Plaza | 7931 NE Halsey | 1,615 SF
Dun & Bradstreet – Lloyd Center Tower | 825 NE Multnomah | 1,568 SF
PacBlu Inc. – 1 Lincoln | 10300 SW Greenburg Rd. | 1,081 SF
SustainDex (environmental|sustainable|clean/bio tech)
Gdiapers – 2808 NE Martin Luther King Jr Blvd. | 4,615 SF
Idexx - Ambassador Ctr | 7525 NE Ambassador Place | 5,057 SF
