MARKET OVERVIEW
City leadership is dedicated to fostering a business-friendly climate where traditional family-owned enterprises, high-tech industries, and a variety of major corporations all thrive. City leadership is dedicated to fostering a business-friendly climate where traditional family-owned enterprises, high-tech industries, and a variety of major corporations all thrive.
Redmond is also home to a growing community of entrepreneurs, who are attracted by the good weather, access to hiking trails and bike paths, quality schools, and multiple world class recreation destinations. The largest employment categories in the City are educational and health services, retail trade, and professional services. Professional and business services was the fastest growing sector over the decade. Redmond is rapidly becoming the manufacturing hub for the region, an industry sector that has grown nearly 81% in employment from 2010-2018. Affordable land and lease rates, low utility costs, a skilled workforce, and other incentives have made Redmond an attractive place to relocate and grow businesses. Source: https://www.redmondoregon.gov/our-community/demographics 
|
Demographic Trends
The City of Redmond has seen robust population and household growth over the last decade, although the pace of growth has slowed sharply in the last several years. Since 2000, the number of households in the City has grown at an average annual rate of 5.3%. Redmond grew from 12% of County residents in 2000 to 17% in 2012. Approximately 52% of the residents of Redmond moved here in the past 10 years, 8,000 new households are projected over the next 20 years. The community continues to transform itself with new restaurants, brewpubs, boutiques, and lodging, combined with dynamic outdoor recreation activities, a bustling farmers market in the summer, and outdoor ice skating in winter. Add in a few open-air music events and an expansive public art program, and Redmond is fast experiencing a renaissance. 
|
