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Hoffman Construction, the largest construction company in the region, is vacating its long-time headquarters office in Portland’s central business district.

According to a report in the Oregonian on Saturday, the company will depart from its current space in Fox Tower, located at 805 S.W. Broadway, once its lease expires in 2025.

Hoffman Vice President Dan Drinkward did not disclose the new location where the company intends to relocate or the specific reasons for its departure from downtown. He did mention, however, that the company has outgrown its current space, which encompasses an entire floor of Fox Tower along with portions of two others.

鈥淥ver the last few years Hoffman has doubled in size and added a significant amount of employees both in our offices and job site,鈥� Drinkward told the Oregonian. 鈥淭hat growth has led us to engage in a review of all of our offices and facilities.鈥�

With approximately $1.8 billion in companywide gross billings in 2021 (including $964.4 million in local gross billings), Hoffman stands as the largest construction firm in the region, employing roughly 660 individuals.

A multimillion-dollar expansion project is underway at Hoffman’s Northeast Portland facility. This location houses several of the firm’s subsidiary and related companies; however, the headquarters will not be relocating to that facility.

Hoffman’s decision to move aligns with a trend of various companies departing from downtown Portland in recent years. Some of these firms have cited safety concerns and the higher costs associated with the city’s core. Another contractor, JE Dunn, declared last year that it would be leaving its Pearl District headquarters to establish new offices in the suburbs.