Mortenson
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...
Trade Partners Cut Fees to Win Work as Seattle Construction Costs Rise Just 0.56 Percent in Q1 2026
Seattle nonresidential construction costs rose just 0.56 percent in the first quarter of 2026—the smallest quarterly increase among the eight metropolitan markets Mortenson...
Perkins&Will, Mortenson Tapped for Six-Story Behavioral Health Building at Harborview’s Yesler Terrace Site
Seattle’s safety-net hospital pivots a once-stalled Kaiser Permanente parcel into the centerpiece of a $1.74 billion campus modernization, with construction targeted for 2027....
Everett Community College Pushes Back $38MM Baker Hall Rebuild, Cuts 10,000 SQFT From Plans
A 1962-era academic building will still come down this summer, but rising costs have forced the college to shrink and delay its replacement....
University of Washington Moves Forward on Major Renovation of Historic Music Building
The second phase of a $15MM arts capital campaign will deliver acoustic, accessibility, and seismic upgrades to the School of Music’s 220-seat Brechemin...
Portland Nonresidential Construction Costs Rise 0.32 Percent in Q4 2025, Among Lowest of Major U.S. Markets
Mortenson’s latest cost index places Portland well below the national average as stable labor and competitive bidding temper escalation pressures heading into 2026...
Seattle Nonresidential Construction Costs Post Smallest Quarterly Gain Nationally at 0.3 Percent in Q4 2025
Competitive bidding, reduced activity in office and healthcare, and steady labor supply kept cost escalation at the low end of Mortenson’s eight-market index ...
Downtown Seattle Ranks Second Among Peers in Residential Construction with 3,325 Units Underway
Housing development drives urban recovery as downtown population reaches record 109,845 residents, though building permits fall to historic lows Downtown Seattle’s residential construction...
University of Washington’s New 36,000 SQFT Basketball Training Center is Completed
New Facility Raises the Bar for Athletic Performance Seattle, WA (December 12, 2025) – Gensler, in partnership with the University of Washington, Mortenson,...
Seattle Construction Costs Edge Up 0.88% in Q3 as Market Conditions Stabilize
Mortenson index shows modest regional increases amid easing supply chain pressures and renewed project planning activity, though design pipeline signals caution ahead Seattle’s...
King County Acquires Historic 24,000 SQFT Property in Seattle for $6MM, Plans Conversion to Medical Clinic
Duncan Building purchase part of broader Harborview Medical Center expansion funded by voter-approved bond Historic preservation and modern healthcare needs intersect in Seattle’s...
Swedish Medical Center Halts $900MM Block 95 Tower Development in Seattle Amid Rising Healthcare Costs
Financial pressures force Seattle hospital system to prioritize seismic safety upgrades over expansion plans Swedish Medical Center is putting the brakes on its...
