The Young and Restless Updated

Sounds like another routine business release:  SAIF Corp., which runs Oregon’s workers’ compensation system, will move its Portland operations and 128 workers downtown.

Doesn't sound like a big deal.  But it represents the second major suburban tenant in Portland to choose a more urban location.

More significantly, the company wanted a location "that better matched its corporate goals, which include encouraging employees to use public transit," which isn’t available at its current location.

Plus, the move is expected to help with recruitment.  Why? “If you’re looking to get young people to work for you, you’re a lot better off being in a big city atmosphere," said one company official.

The generational shift is unmistakable.  I am reminded by a conversation I had three years ago with a major tenant representative in Chicago who told me that one reason companies were abandoning their suburban locations and moving to cities was to shed unwanted, older employees who were slower to adopt change.

There it is.  No further comment required.

  

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