Trying to find industrial spaces for rent in Oregon? Find the perfect space that fits all your needs by looking at the listings above.Oregon is home to a wide variety of industries that make up the state's economy. Oregon's Gross Domestic Product (GDP) for 2021 was $272.2 billion (https://fred.stlouisfed.org/series/ORNGSP)
.The main industries in Oregon include manufacturing, trade, transportation and utilities, professional and business services, and leisure and hospitality.
Manufacturing is the largest industry in Oregon, making up 18.8% of the state's total economic output and employing more than 160,000 people. This sector includes wood products, chemicals, electronics, fabricated metal products, food processing, and transportation equipment. Portland, Oregon's largest city, is home to many of the state's largest manufacturing firms.
The trade, transportation and utilities sector is the second-largest industry in Oregon, making up 16.3% of the state's GDP. This sector includes retail, wholesale, transportation, warehousing, utilities, and information. Retail is the largest component of this sector, making up nearly half of its total economic output. Oregon is home to many well-known retailers, such as Nike, Columbia Sportswear, and Amazon.
Professional and business services is the third-largest industry in Oregon, making up 13.4% of the state's GDP and employing more than 140,000 people. This sector includes professional, scientific, and technical services, management of companies, administrative and support services, and waste management services. Oregon is home to many technology and engineering firms, as well as a thriving legal and accounting sector.
Leisure and hospitality is the fourth-largest industry in Oregon, making up 9.6% of the state's GDP and employing more than 180,000 people. This sector includes accommodations, food services, recreation, and arts and entertainment. Oregon is home to many popular tourist attractions, such as Crater Lake National Park and the Columbia River Gorge.
In terms of economic trends, Oregon's GDP growth rate has been consistently above the national average since 2010. The unemployment rate in Oregon was 4.8% in 2022 (https://www.bls.gov/regions/west/oregon.htm#eag)
According to the U.S. Bureau of Economic Analysis, Oregon ranks 25th in the nation in terms of GDP per capita. (https://www.statista.com/statistics/248063/per-capita-us-real-gross-domestic-product-gdp-by-state/)
Overall, the main industries in Oregon are diverse and contribute significantly to the state's economy.