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Portland’s crane skyline

  • ​​With 32 cranes dotting the skyline, Portland has the 6th most cranes in North America. With 88 cranes, Toronto tops the list followed by Seattle with 45 cranes.

  • On a per capita basis, Portland has 75,780 residents per crane; the third most in Rider Levett Bucknall’s Crane Index after Toronto and Calgary and the most in the United States.

  • The majority of Portland’s cranes are above new multifamily developments, a sector that has delivered over 12,000 units to the metro in the past 3 years. There are currently 7,713 units under construction. However the current pipeline consists largely of projects submitted before the city’s new Inclusionary Housing policy went into effect on February 1 2017.

  • Roughly 19,000 new multifamily units were in the pipeline ahead of Inclusionary Housing’s start date, that represents 4 years’ worth of development activity. And while new supply should remain solid for the next few years, there is a risk that by 2020 demand will once again surpass supply.​

Source: JLL Research, Rider Levett Bucknall, US Census Bureau​

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