7 Reasons to Invest in the Pacific Northwest
Thinking about investing in Pacific Northwest real estate? Now is the perfect time to make the move. Here are our top 7 reasons to invest in the Pacific Northwest.
High tech companies flock to this area. The Portland area has been nicknamed the "Silicon Forest" due to the number of large companies located here (e.g., Intel, Tektronix, InFocus, Planar, Pixelworks, HP, Xerox, Epson, etc.) View top employers in the area. Vancouver, Washington is home to many large companies as well (e.g., Nautilus, HP, PeaceHealth, and more). The new Vancouver Waterfront is creating more jobs and drawing people to the area.
Have you seen the new multi-story buildings going up in downtown? It feels like every month a new one pops up into the skyline. As this growth continues, more developers and people are moving to the area. Growth in Portland and Vancouver has been impressive, and is forecast to continue.
3. Low Vacancy Rate
People are flocking to the Pacific Northwest. Clark County welcomed an average of 18,365 people over the last year, and the population continues to rise. People are seeing the value of life and the many business opportunities that exist here. When it comes to finding a place to live, people are moving into available rental space within a few days. The rental vacancy rate in Portland/Southwest Washington hovers between 2.5% to 3%. The time to invest is now!
4. Award-Winning Schools
If you’re a parent, you always want the best for your children. Luckily, some of the school districts in the area are ranked among the highest in the state and are even recognized nationally! These include Camas, Evergreen, and Ridgefield school districts.
5. Low Taxes
Washington has no state income tax, while Oregon has no sales tax! It’s really a win-win situation.
6. Foodies Paradise
Be prepared to be overwhelmed with amazing local dining options. This area is famous for coffee, donuts (hello, VooDoo Donuts), food trucks, fine dining, and everything in-between. Seeking the big, bold, citrusy, piney IPAs that exemplify the PNW? Clark County now offers 19 local breweries!
7. Outdoor Recreation
Outdoor enthusiasts love the Northwest for its outstanding hiking, biking, skiing, water activities, and more. We're uniquely situated near mountains, the Pacific coast, rivers, and city life. It’s a combination you won’t find anywhere but in the beautiful Pacific Northwest.
Ready to make the move? Contact our in-house Relocation Team. We want your transition to be smooth and easy so you can quickly enjoy all the Pacific Northwest has to offer.