The regional economy has shown impressive growth during the past twelve months. Both Boeing and Microsoft have been steadily adding to their local workforce and overall the state added over 125,000 jobs during 2007, a growth rate of 3.9%. The region’s population has grown by over 20% during the past decade, and the average personal income continues to rank as one of the highest in the nation. As a result, many national retailers have targeted the Seattle area for expansion.

Download Year-End 2007 Seattle Retail Market Report

Download Mid-Year 2007 Seattle Retail Market Report

Portland Retail Market Report - Year-End 2007

As we enter 2008, the regional Portland/Vancouver retail real estate market is in excellent shape, with low vacancy and strong positive net absorption recorded during the past year. The regional economy remains robust with local new job growth exceeding the U.S. average. The regional population has grown steadily within the four counties (Multnomah, Washington, Clackamas, and Clark) to a current estimate of 2,007,401 and is expected to grow by about another 30,000 people during 2008.

Download Year-End 2007 Portland Retail Market Report