[philopdx]

Originally Posted by tworivers

Portland ranked top 10 for real estate investment
POSTED: Thursday, January 6, 2011 at 03:33 PM PT
BY: Nick Bjork, DJC


While proposed projects are still having trouble coming to realization, Portland’s commercial real estate investments market is starting the heat up.

In its annual forecast, the national commercial real estate firm Grubb & Ellis has ranked Portland in the top 10 cities in the U.S. for investment opportunities over the next five years in the office, retail and industrial real estate markets.

Portland, with one of the nation’s lowest central business district office vacancy rates at 10 percent, ranked third out of nearly 50 cities for office real estate investment opportunities over the next five years, according to Grubb & Ellis. Only New York and Washington, D.C., ranked higher than Portland.

Portland ranked fifth for retail real estate investment opportunities in the same forecast. Portland trailed Washington, D.C., Los Angeles, New York and San Francisco respectively in retail. Additionally, Portland ranked ninth for industrial real estate investment opportunity.

Potential for investment opportunity for each property class was determined by ranking 13 property, economic and demographic variables in each city on a scale of 0 to 100 and adding the totals.

I'll be more inclined to say how awesome our real estate climate is when PAW gets out of the ground.