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Study: Portland Tech Leasing Ranks in Top 30 of North America
CBRE’s annual Tech-30 report has been released, and Portland, OR ranks among North America’s most active tech markets for office leasing activity in the first half of 2022. According to the study, Portland’s 4% growth in 2020 and 2021 helped propel the city to the 17th-largest office-rent gain, and the Hillsboro, OR submarket ranked third in net-absorption gains for Tech-30 submarkets.
“The Greater Portland area continues to be a magnet for talent due to our exceptional quality of life and relative affordability in all dimensions,” said Ajay Malhotra, First VP with CBRE’s Tech and Media Practice in Portland. “There are countless reasons for continued optimism about the region.”
Portland’s tech workforce of over 31,000 people amounts to 13.5% of all office-using positions in the city. Another growth driver: Tech companies claimed 19.5% of the $1.2 billion in venture capital funding awarded to Portland companies in this year’s first half.
- ◦Economy
