Oregon’s In-Migration Slows for Second Straight Year, Squeezing Demographic Math Behind Portland CRE

Driver's license exchanges hit a five-year low in 2025, signaling fresh demographic drag on Oregon's office, multifamily and labor markets. Oregon's reliance on newcomers to offset an aging workforce hit a fresh stress point in 2025, as the number of migrants trading in out-of-state driver's licenses fell to a five-year low, according to state Driver […]