2019 Q1 Portland Metro Office Report
Date Published: 04/11/2019
Rental rates and net absorption remain strong despite a slow start to leasing activity in the 2019’s first quarter. Recent projections from the Federal Reserve are forecasting for at least one more year of healthy economic fundamentals, especially seeing Portland’s 3.8% unemployment (up 10 basis points from December 2017 to December 2018). Primary job growth has come from the construction and education and health services industries, meaning that the boom in building is not the only contributor to employment growth. Stable employment is becoming a staple of the Portland jobs landscape.