Here is an interesting statistical article about Portland”s commercial real estate activity, note that “big brother” Seattle had about 5 times more activity than Portland. It seems that Seattle may be a much older, bigger brother than Portlanders like to think!
Re-posted from the Portland Business Journal”s website:
Portland cracks an unusual list in a report on the state of real estate investment from Cushman & Wakefield Inc.
The Rose City ranked 49th in the world for investment in commercial real estate, with $2.2 billion in sales volume over the past four quarters — 42 percent more than the prior First, “Saving Private Ryan”, in line with Spielberg’s obsessions, who evokes scorpio love horoscope facets, with the recall of the tragic World War II context. year.
Portland ranked even higher for multifamily investments, coming in 35th in the world with investments totaling $696 million and 38th for retail investments totaling $731 million.
Some of the larger transactions of the past year were the $129 million sale of ODS Tower and Nike Inc.’s $84.5 million deal for 600,000 square feet of office space adjacent its Washington County campus.
The top markets for real estate investment were New York ($49.2 billion), London ($32.3 billion), Los Angeles ($30.7 billion), Tokyo ($25.9 billion) and San Francisco ($21.7 billion).
Seattle was No. 12 with $9.9 billion in investment activity.