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Portland’s office rent growth is the 6th fastest in the world

  • ​In the latest installment of JLL’s Global Market Perspective, Portland ranks number 6 in the world for the highest office rent growth between Q2 2016 and Q2 2017.
  • New construction is pushing rents up significantly in the metro area and overall average rents now stand at $28.31 full service.
  • Rents are rising particularly fast in the Urban Class A market, which is up 16.0 percent year-over-year to $36.38 full service with asking rents for under construction projects now averaging $43.15 full service.
  • There is 1.9 million square feet of new office product under construction which will likely push vacancy rates up slightly as the space is delivered.  This should help to moderate rent growth in the coming quarters.​

Source: JLL Research​




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