We know that San Francisco and the rest of the area around California’s Silicon Valley is an excellent region to live. But with that excellence( and the abundance of tech undertakings) passes unusually high-pitched house tolls. What’s a young professional — or anyone with an average-sized bank account but a huge established of operating knowledge — to do?
Sure, you already know Portland as the “hipster” uppercase on your jaunt container index. But the city is quickly booming into a viable tech hub that could soon give the best of ’em a run for their money, according to a new report from the Milken Institute.
The economic think tank recently published its annual Best-Performing Cities report, which parses through reams of data in order to pinpoint metro areas where undertaking growth is high-pitched, wages are rising and high-tech undertakings — aka the ones most important to a modern city’s growth — are prospering. In this year’s report, the Portland region rushed up eight places from last year, ranking# 8 out of America’s 200 largest metros.
And we’re thinking of moving there already.
The main reason for the Portland area’s boom is a huge number of new tech undertakings, alleges Milken Institute associate chairman Minoli Ratnatunga. Big-name fellowships from the actual Silicon Valley( thoughts Apple, Facebook and Twitter) are opening offices in Portland as a path to avoid high-pitched rent for place cavity down South, she told HuffPost.
Companies too realize that budding young professionals, who shortage the money to fee sky-high rents in San Francisco, will be attracted to Portland as a lower-cost alternative.
If you’re looking for a new panorama, Portland is a great place to move — not only for the statistical rationales above, but too for its incredible Climate Action Plan, affluence of get around and huge biking population that’s as interested in craft beer and gluten-free bakeries as it is in equal opportunity LGBT occupation.
Rent in Portland is still generally much lower than in Silicon Valley, but Ratnatunga warns that the city’s increasing popularity could cause it to rise promptly, both for house and place space.
“A lot of fellowships start( to Portland) because young professionals can afford to be there, ” she remarked. “But that’s representing an increase of rents. So we’ll have to see.”
Get in while you are able to, apartment hunters!
Read more: www.huffingtonpost.com