Quote:
Originally Posted by Derek
Agreed, not sure what’s officially considered “downtown” for the purposes of this thread, but the “downtown” Portland numbers are very misleading.
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Right, Portland definitely has a ton of new residential construction. The Pearl District and whatever they call that highrise corridor along the river south of downtown are pretty impressive.
This exercise, while fun and somewhat illustrative of trends, is hardly definitive. There's no definition of city centers, and census tracts aren't apples-apples.
Also, I'm not even sure that a high population growth is necessarily a sign of prosperity. The most high-value downtown office cores, places like Midtown Manhattan and Downtown DC, had limited population growth. This is because the highest and best use of land is for commercial uses. If the highest and best use shifted to residential, and former trophy office space were converted to apartments, that would arguably be a sign of relative weakness, not strength.