According to the Portland Business Journal, Microsoft leased an 85,000 sqft space in Hillsboro, Oregon at 9800 NE Gibbs Drive, between Intel and Nike. I think this is great news for the Portland Metro local economy and its housing market. Maybe too good of news since the market is already super hot. Many workers are working at home due to COVID 19, so moving to more affordable cities makes a lot of sense. Portland, Oregon is relatively much more affordable than San Francisco, New York, Los Angeles and Redmond (Microsoft HQ). With increasing commercial space vacancies and better lease rates to be negotiated, it makes sense for companies to move some of their talent to more affordable cities in 2021.
Published by Shawn Realty - Oregon Real Estate Brokerage
Shawn Yu, aka Shawn Realty is known for having a keen sense of the real estate market, a great knowledge and experience in price negotiation & inspection negotiation for sellers and buyers. Top 7% Selling Real Estate Broker in the Portland Metro Areas (FIVE Star Real Estate Agent 2015 - 2019). View more posts