The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Wednesday, April 30, 2014
Portland Metro Employment and Per Capita Income On the Upswing
Portland Unemployment Below National Avg.
The Portland region saw robust employment growth of 2.7% over the last 12 months. The dramatic recovery of the construction industry is a standout trend. However, almost all major industries are growing at a decent pace. High and low wage service industries such as Professional Services and Retail are showing strong growth.
Personal Income on the Upswing
Meanwhile, Bureau of Economic Analysis data released last week show the Portland metro region starting to catch up in per capital personal income with an impressive 4.3% growth in 2012, outperforming the majority of US metro regions.