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Portland office vacancy remains one of the lowest in the country

  • ​Portland office vacancy remains low, remaining the 5th lowest in the U.S., now standing at 9.9%.
  • Following the national trend, Portland’s development pipeline is trending down with 1.7 Million square feet currently under construction.
  • After a flat first half of the year, net absorption bounced back in Q3, registering over 300,000 square feet of total occupancy gains.
  • Stay tuned for Portland’s Q3 2017 office outlook report delivering next week. ​

Source: JLL Research, U.S. Census Bureau​

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