The City of Roses has jumped to yet another Top 10 list of U.S. cities — this year, for investment opportunities in commercial real estate.
Portland is the No. 9 best metro area in the U.S. to invest in commercial real estate this year, according to CBRE findings in its 2018 Americas Investor Intentions Survey. Last year, Portland was ranked No. 16.
“Portland’s jump into the top 10 illustrates the tremendous amount of growth we’ve seen over the past few years,” said Jason Green, CBRE’s managing director for Oregon and Southwest Washington. “The biggest indicator of new investor interest is growth in office-using jobs and continuously shrinking unemployment rates, and that trend is likely to continue in our region.”
The survey covered all asset types and showed that 88 percent of investors plan to either maintain or increase spending in 2018, up from 83 percent in 2017.
By property type, industrial is increasingly preferred: it was cited by 50 percent of investors as the most attractive investment in 2018, up from 38 percent during 2017.
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