Hillsboro has 475 megawatts of inventory and about one megawatt you can lease.

Why Hillsboro punches above its size

Hillsboro is the western terminus for several transpacific subsea cable systems, which makes it structurally important to any architecture that moves traffic between North America and Asia. Add Oregon's lack of a sales tax on equipment, historically low industrial power rates, and a mild climate that supports economiser cooling, and the market attracts demand well beyond what its size suggests.

CBRE reported 475.4 MW of inventory at the end of 2025 with a vacancy rate of 0.2%, an all-time low, leaving roughly 1.0 MW available across the entire market.

Source: CBRE on Hillsboro and CBRE North America Data Center Trends H2 2025. Figures describe the metro market, not a specific facility.

What is actually constraining supply

Three things, and none of them resolve quickly. Oregon's urban growth boundary limits where development can happen at all, which is unusual among US data center markets and puts a hard edge on land supply. Power transmission into Washington County is limited. And permitting and zoning timelines have lengthened.

Oregon's POWER Act adds a further consideration by establishing a separate data center customer class at a 20 MW threshold, which changes how large loads are treated by the utility. Any large requirement needs that modelled rather than assumed.

CBRE reported that capacity under construction in Hillsboro fell 15% in 2025 against 2024. Supply is not catching up in the near term.

Pricing

CBRE puts Hillsboro asking rates at $175 to $225 per kW per month, against a national average of $195.94 for a 250 to 500 kW requirement. That is below Silicon Valley and roughly in line with Chicago, which is notable for a market with effectively no vacancy.

The reason rates have not run further is that most capacity here is committed on long terms to a small number of large tenants, so there is little spot pricing to reset the market. That also means the published band tells you less than usual about what you would actually pay for a new requirement today.

• Confirm whether an offer is existing capacity or a phase dependent on transmission work.
• Model the utility separately, including the 20 MW customer class threshold if you are near it.
• Ask what happens at renewal. In a market this tight, the renewal clause is the whole negotiation.
• Check the cooling design against your density. Economiser-led designs behave differently under high-density load.

When Hillsboro is the right answer

When the workload touches transpacific routing, needs Pacific Northwest presence, benefits from the equipment tax position, or pairs with a Californian primary site for regional resilience at a genuine distance. It is also credible for sustainability-led requirements given the regional hydro-heavy fuel mix.

It is the wrong answer when you need capacity soon and cannot wait for a phase. Compare with Silicon Valley when interconnection matters more than routing, and with Phoenix or Reno when the driver is western coverage at a deliverable date.

Risks to resolve before shortlisting

• Availability is the risk: assume nothing is free until an operator confirms a named hall and a date.
• Transmission dependency: a phase contingent on utility work carries the utility's timeline, not the operator's.
• Land supply: the urban growth boundary means new sites are not simply a matter of capital.
• Concentration: a small number of operators hold most of the market, which limits competitive tension.
• Expansion: with no 5 MW blocks free, growth almost certainly means a second building.

A facility-ready Hillsboro brief

1. Committed power now, and the expansion step with a date.
2. Whether the requirement can be split across buildings or campuses.
3. Subsea or long-haul routing dependencies, named.
4. Density and cooling method, tested against the hall's design.
5. Utility class, tariff and pass-through mechanics above 20 MW.
6. Renewal protection, because retention leverage sits with the operator here.

What has been announced in Hillsboro and Portland

Announcements are not filings. Nobody has to build what they announce, the figure is the one the developer chose to publish, and the date moves. They are here because megawatts are what a requirement is measured in, and because the size of what is coming changes who will take your call. Every figure below was read on the page it links to.

Announced capacity is collected by hand from trade reporting and company statements, and each figure links to the report it came from. It is kept apart from the permit record above and never added to it: one is a document a jurisdiction issued, the other is a plan a company published. Neither is availability.

Every Hillsboro and Portland facility we track

53 data centers across Hillsboro and Portland, from the facility database we hold as a Bridgepointe partner. It is the layer that says whether a building exists yet, which no permit record answers directly.

Operators with the most facilities here: STACK Infrastructure (11), QTS (7), Flexential (6), Digital Realty (5), EdgeConneX (4), NTT Global Data Centers (4), Digital Fortress (3), Aligned Data Centers (2), Crane Data Centers (2), Rowan Digital Infrastructure (2).

Where they cluster: Hillsboro (40), Portland (4), Forest Grove (3), Beaverton (2), Umatilla (2), Boardman (1).

The largest buildings coming to this market

29 facilities here are under construction or planned. These are the ten largest by floor area, and a size on file is not a promise of a delivery date.

From the Signal facility database, which we hold as a Bridgepointe partner rather than as a public record, so these rows carry no filing link and street addresses are held back. A building existing is not the same as space being available in it: every facility above may be full, pre-leased, or closed to your size. Finding out is a call, not a lookup. See how we verify capacity.