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Mortenson Q1 2025 Development Expense Index Report: Non-residential construction in Portland is off to a gradual start out in 2025. Even though costs are rising a bit across locations, labor and materials availability continue being stable. World-wide trade procedures and switching tariff actions are impacting the supply chain, but Portland is observing superior sourcing and much less constraints.
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· AI corporations are driving a surge in residential demand, influencing how neighborhoods evolve and how property are made. · City revitalization procedures are proving essential for attracting and retaining tenants whilst maximizing lengthy-expression home price. Kevin shared insights on how DPR is adapting to those shifts and what this means for the way forward for growth within the Valley.
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