Professional services and tech dominate office leasing in Portland
Office leasing in Portland by Professional Services and Technology companies dramatically outpaced leasing by other industries in 2018.
March 19, 2019
- Office leasing in Portland by Professional Services and Technology companies dramatically outpaced leasing by other industries in 2018. Professional Services accounted for 28.5 percent while Technology was 27.2 percent. Finance followed behind at 16.6 percent, Health at 12.6 percent, and all other industries collectively totaled 12.2 percent.
- While 2018 leasing activity was markedly less than 2017, down 38 percent year-over-year, leasing by tech companies bucked the trend and increased 21.6 percent.
- The CBD remains the preferred location for professional services and tech tenants with half of all leases signed being in the CBD.
- Even as total leasing volume decreased in 2018, the state of the office market in Portland remains healthy and companies continue to grow. 44 percent of leases signed came from tenants who were growing, up from 37 percent in 2017.
Source: JLL Research
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