Real Estate Recovery in Oregon

Having been around real estate for about 6 years, and involved in a networking group for career seekers, it's clear that a real estate recovery will come when we have strong job creation.

Along that note, my curiosity was peeked when Facebook made an announcement to add a data center in Prineville, Oregon (home of Les Schwab Tires if you remember, which moved their HQ to Bend a few years back).  Why was this curious?  Well inspite of the recent tax measure (66 & 67) and other bleak economic news, Oregon still has unique characteristics for business:

• clean, cheap power - compared to some other states with major coal or gas generation equipment, Oregon still has some of the least expensive hydroelectric power in the US.
• great location for disaster sites for large datacenters (like those for Facebook & Google)
• with high unemployment, employers have a large pool of highly qualified candidates to chose from, including senior managers.
• quality of life--with so much to do in Oregon, companies and workers will continue to live here regardless of cost to do business or to relocate here.

So what can we learn from this?  Well, it's clear that jobs come and jobs go.  Positioning yourself to take advantage of the shifts in economic variables will allow you to do more than survive.  And, when you do make that shift (normally every 3 years) then please phone our team to help you with the relocation decisions.