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Construction pipeline reaches cyclical high

  • ​With almost 2 million square feet under construction, vacancy is expected to increase in next 18 months.
  • 5 new projects kicked off in the second quarter, adding another 388,000 the pipeline, which now totals 25 projects.
  • Another 908,000 s.f.of construction will deliver in the second half of 2017, with 39.8 percent of that space spoken for.
  • For a second year in a row Portland is expected to see the addition of over 1 million square feet of office space, with another million likely to be added in 2018.
Source: JLL Research

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