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Industrial Market Trend Is High Tech Expansion

PORTLAND-The high tech industrial sector was back in expansion mode during the third quarter, according to a just-released third quarter report by Grubb & Ellis. Lease rates also are ticking up a bit after several years of stagnation, encouraging speculative developers.

By Brian K. Miller | Updated on October 25, 2000

PORTLAND-The high tech industrial sector is in the midst of a healthy recovery after a bout of the Asian Flu, according to a just released third quarter market report by Grubb & Ellis.

Several new projects have been announced recently, and not just in the Sunset Corridor: Intel has purchased land at West Union to build a new R&D campus that is expected to ass up to 6,000 workers by 2015; Merix is investing $90 million to help increase capacity, including a 90,000-sf expansion on Portland’s eastside; LSI has announced a major hiring expansion at its Gresham facility; Sun Microsystems has begun construction of a new facility is Hillsboro; and in Clark County, WaferTech has made plans to hire 300 employees and double production by 2001.

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