By Fred Marlow
Nike Beaverton Oregon – Expansion
BEAVERTON – Nike has been one of the biggest employers in Beaverton for years and they will be creating more jobs with their $150 million expansion.
Last year word of their expansion was greeted by cheers as locals will only benefit from the increase in jobs to the area.
Nike officially started its expansion work in January by beginning construction on two brand facilities which will be used for office space and parking garages for its thousands of new and experienced employees who will be working there.
HUGE Rental Demand
Thanks to the Nike expansion, and growth of other companies in the area like Intel, demand for housing in Washington County has reached an all-time high.
The Nike expansion isn’t just bringing more new people to Beaverton to work for Nike, property managers and owners of income property in the area have been seeing more Nike employees relocating to Oregon from other states to take part in the expansion.
Apartment Construction Increasing
Besides the growth of Nike in Beaverton we’re also seeing huge growth in the local construction industry since thanks to the demand for rental property more companies are building apartments and town homes on land which was once vacant.
Since promising that they would pump $150 million dollars into their expansion, Nike has lived up to expectations and is doing just that, including hiring 2,500 people to work full time at their facilities.
Nike’s expansion has also started the expansion of schools in the local area and a new grade school, high school and middle school ae being built.
If you own rental property in Portland or the Beaverton area and are searching for effective property management for your income property portfolio contact Real Property Management Systems today by calling us at (503) 515-3170.