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December 9 th, 2005 Annual Meeting State of the Corridor Steve Mason CCA President 2005 Disclaimer: this data considered an indicator only. Users are strongly.

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Presentation on theme: "December 9 th, 2005 Annual Meeting State of the Corridor Steve Mason CCA President 2005 Disclaimer: this data considered an indicator only. Users are strongly."— Presentation transcript:

1 December 9 th, 2005 Annual Meeting State of the Corridor Steve Mason CCA President 2005 Disclaimer: this data considered an indicator only. Users are strongly cautioned to seek expert guidance before basing important decisions this information.

2 Columbia Corridor Real Estate Market 3 Indicators Vacancy Rates Rose in 2004, now moving lower Absorption Rates Rising Rental Rates Rising to $.377/sf A relative strong market compared to 2004 Tri county Corridor Source: Capacity Commercial Group, 4/2005

3 Columbia Corridor 2004 Employment Statistics Payroll increased 3.4% to $2.29 Billion Businesses decreased 1.1% to 2,419 Average wages increased 3% to $37,394 Information jobs paid best Professional, Construction, Wholesale, Manufacturing followed in order Employment decreased 1.8% to 59,057 Manufacturing Jobs dominate at 14,170 Down 6% from 2003 Transportation, Wholesale and Retail next largest Data used in this report was not adjusted to account for non-economic changes (Oregon Employment Dept) Utilities, Natural Resources and Enterprise management not incl.

4 Columbia Corridor Top Issues Facing the Corridor Source: CCA Survey, 2004 Top Concerns Identified: Minimize taxes and fees Sewer system costs Energy rate regulation Business development Congestion reduction Strengthening the workforce Freight mobility Access to Electeds Environmental Practices Others

5 Columbia Corridor 2005: Major CCA Activities Source: CCA Survey, 2004 Regional Business Plan Support Goal 5 / Nature in Neighborhoods Cascade River Station plan amendment East End Connector Freight Master Plan input Roads and Bridges Wellfield Regulation technical support Mixing zones Breakfast forums Lunch with Leaders Golf Tournament

6 Board of Directors Strategy (Ad Hoc) Transportation Environmental Land Use Water, Air, Waste Economic Development Marketing Staff Committee Structure CCA – the Voice of the Corridor

7 A Future Vision

8 Backup Charts Employment data details

9 Corridor Businesses and Payroll Larger payroll, fewer businesses Data used in this report was not adjusted to account for non-economic changes (Oregon Employment Dept) Utilities, Natural Resources and Enterprise management not incl.

10 Average Annual Employment Fewer jobs but higher wages Data used in this report was not adjusted to account for non-economic changes (Oregon Employment Dept) Utilities, Natural Resources and Enterprise management not incl.

11 Top 8 Jobs by Business Type Manufacturing Declining Data used in this report was not adjusted to account for non-economic changes (Oregon Employment Dept) Utilities, Natural Resources and Enterprise management not incl.

12 Top 8 Wages by Job Type Information Jobs Pay Best Data used in this report was not adjusted to account for non-economic changes (Oregon Employment Dept) Utilities, Natural Resources and Enterprise management not incl.


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