Q1 2019 - Portland Office Submarket Report

Portland - Overall Market

Overall absorption of vacancy in the market was positive in the first quarter. At the end of the first quarter there were still 13 buildings spanning 2,575,222 SF under construction but 2 out of the 3 were OHSU and Nike. The third largest property in the development pipeline is 250 Taylor, which should deliver in early March to the CBD and is expected to be 190,825 SF. Portland’s office market is still very strong and will continue to expand for the foreseeable future, as this market boasts one of the most robust development incubators in the country.