Portland, Oregon, is a vibrant Pacific Northwest city. The rapidly growing, seven-county Portland metropolitan area has a population of 2.4 million and added 40,000 new residents in 2015. It is the 23rd-largest metropolitan area in the U.S. and an important regional hub for distribution and logistics.
The local economy, which is powered by manufacturing, high technology and clean energy, necessitates a broad range of warehouse and industrial real estate facilities.
Portland sits at the junction of two major interstate highways. Interstate 5 connects California to Seattle, and Interstate 84 connects Portland to the Rocky Mountain region. A vibrant and growing local market combined with the many roadways connecting Portland to coastal and inland population centers makes Portland a natural location for warehouses and industrial real estate property.
Prologis has multiple warehouses in Portland and operates several industrial real estate properties in the Portland area.