Eastside office development takes the lead in Portland
February 11, 2019
- As Portland’s urban core has expanded beyond the CBD, the Close In Eastside has flourished and has added more new speculative office space than any other submarket outside of the CBD over the past 3 years.
- Since 2016, over 477,000 square feet of new office has delivered to the Close In Eastside and tenant demand for the space has been strong with 85.3 percent currently leased.
- With each new building vying for the most eye catching design, there is something for every type of tenant.
- 5 MLK‘s glass exterior is sleek and modern. District Office and Block 76 West extends Portland’s reputation as the Cross Laminated Timber capital of the US. 7 Stark is bringing much needed parking to the Central Eastside and has the best signage in the city. Finally, if you need some nature in your work day, Guerrilla Development’s Tree Farm has 72 trees hanging oﬀ the side of the building.
Source: JLL Research