Oregon’s average wages have been growing at a faster rate than the national average. The tech sector’s average wage is more than double that of all other industries in the state. The vast majority of Oregon’s tech jobs are concentrated around Portland, dubbed the “Silicon Forest.” With the growing millennial and young professional population in Portland, who comprise of a sizable portion of these high-tech jobs, the demand for rental housing is increasing, and rental rates are rising along with it. The Arrowroot platform directly benefits from this increased demand and rent growth.
Metro Employment Growth
May YOY 2.5%
The region has created 29,700jobs in the last 12 months.
May YOY 3.7%
*Oregon Employment Department