Portland Construction Costs Rise Just 0.86 Percent in Q1 2026 as Market Trails National Escalation

Portland's nonresidential construction costs increased a modest 0.86 percent in the first quarter of 2026 and 2.55 percent year-over-year—the slowest annual escalation among the eight metropolitan markets tracked by Mortenson—even as metal pricing, tariffs and data center demand keep pressure on select material categories nationwide. Portland has quietly become the best market in the country […]