Redmond, Oregon: A Premier Destination for Commercial Real Estate

Introduction

Redmond, Oregon, is a burgeoning hub for commercial real estate (CRE) opportunities in the Pacific Northwest. With a population of approximately 30,000, Redmond has seen significant growth due to its strategic location and diversified economy. Known for its robust manufacturing sector and burgeoning tech industry, the city is a magnet for investors seeking opportunities in office, industrial, and retail spaces. Redmond's unique positioning as a central node for economic activity in Oregon makes it an attractive choice for CRE professionals.

Economic and Industry Overview

Redmond's economy is driven by several key industries that influence demand for various commercial property types:

• Manufacturing: Redmond hosts a variety of manufacturing businesses, ranging from aerospace components to high-tech manufacturing, which fuels demand for industrial and flex spaces.
• Technology: The city's growing tech sector, spurred by regional innovation initiatives, creates a need for office spaces and innovation districts.
• Tourism and Recreation: While primarily a leisure industry, tourism contributes to retail and hospitality real estate demand.

The Central Oregon Intergovernmental Council and the Economic Development for Central Oregon play pivotal roles in fostering economic growth and development in the region.

Strategic Location and Transportation Infrastructure

Redmond boasts a strategic location supported by a robust transportation infrastructure:

• Highways: Positioned at the intersection of U.S. Highways 97 and 126, Redmond offers excellent road connectivity for logistics and distribution.
• Airport: The Redmond Municipal Airport (RDM) provides regional air service, enhancing business travel and cargo capabilities.
• Rail: The city is served by the Burlington Northern Santa Fe Railway, offering freight transport advantages.

These transportation assets position Redmond as a logistical hub with access to major labor pools and regional markets.

Commercial Real Estate Inventory & Zoning

Redmond's CRE market is organized into several key submarkets:

• Central Business District (CBD): The heart of Redmond, featuring a mix of office, retail, and service-oriented properties.
• Industrial Corridors: Areas designated for manufacturing and distribution, supported by favorable zoning policies.
• Innovation Districts: Zones aimed at fostering tech startups and innovative enterprises.

The city's Zoning Map and Parcel Viewer provide insights into zoning changes and development incentives.

Major Employers and Institutions

Redmond's economy is bolstered by significant employers and institutions:

• Top Employers: Companies like PCC Schlosser, Central Oregon Truck Company, and T-Mobile are key drivers of CRE demand.
• Educational Institutions: Central Oregon Community College and OSU-Cascades contribute to the skilled workforce and educational facilities.

The Redmond Chamber of Commerce provides additional resources on local businesses and institutions.

Notable Commercial Developments & Projects

Redmond is home to several notable commercial development projects:

• Mixed-Use Developments: Initiatives like the Midtown Place and Redmond Hub combine retail, office, and residential spaces.
• Opportunity Zones: Designated areas offering tax incentives for investors and developers.

Details on these projects can be found through the city's Planning Department.

Building Permits, Planning, and Development Tools

For those interested in developing CRE in Redmond, the following resources are invaluable:

• Building and Safety Department
• Permitting Portals
• GIS and Parcel Map Viewer
• Planning Commission
• Development Code

Market Data & Economic Reports

Investors can explore various public data sources for market insights:

• U.S. Census Bureau
• City of Redmond Open Data Portal
• Economic Impact Reports from EDCO

Brevitas utilizes AI-powered aggregation from these public data sources to provide comprehensive insights. Explore Brevitas-powered dashboards for Redmond, Oregon here.

Why Use Brevitas for Redmond, Oregon CRE?

Brevitas offers a suite of AI-driven tools tailored for CRE professionals:

• AI-Driven Discovery: Quickly find properties that match your criteria.
• Real-Time Market Alerts: Stay updated with the latest market trends.
• Smart Property Pages: Access detailed property information and analytics.
• Dealroom Collaboration: Seamlessly collaborate with partners and clients.

Unique features include auto-generated listing pages, email and landing page tools, integration with brokers and developers, and premium exposure for exclusive listings. Choose Brevitas for a comprehensive CRE experience in Redmond, Oregon.