The Leland James building in Northwest Portland has attracted a trio of tenants to the fast-developing Slabtown area.

Software and analytics firm Jet Reports International Inc. is moving its corporate headquarters from Tigard to take 30,000 square feet in the Leland James building. Jet Reports will be joined by local coffee maker Good Coffee and Orange Theory Fitness on the ground floor.

The building has 117,000 square feet of space on four floors. Jet Reports’ office will be on the fourth floor, including a heavy-timber penthouse pop-up built inside and a portion of the third floor.

The office space is about one-third leased, Capstone Partners co-founder Chris Nelson said. The rest of the building remains available.

Capstone Partners and Cairn Pacific developed the building at Northwest 22nd Avenue and Raleigh Street in a partnership. It was designed by SERA Architects and constructed by JBA-Andersen Construction. Dave Squire and McCoy Doerrie of Newmark Knight Frank represent office space in the Leland James building. Andrew Rosengarten and Jake Lancaster of JLL represented Jet Reports in the transaction. LRS Architects is assisting Jet Reports with design of the internal space.

“Our Tigard location no longer meets the dynamic needs of our staff, and we’re excited to see how this beautiful new space will spark our creativity and improve employee engagement,” Jet Reports vice president of finance and operations Michael Smythe stated in a news release.

The Portland office market had an overall vacancy rate of 10.3 percent in the fourth quarter, according to Cushman & Wakefield. Almost 1.5 million square feet of office space was under construction at the end of 2017, with 500,000 square feet pre-leased.

The office market, Nelson said, is “good, not great.” He pointed to a couple of newly signed large leases as signs of strength – Amazon agreed to take 85,000 square feet in the Broadway Tower now under construction, and Oregon State University signed up for nearly 40,000 square feet in the newly renovated Meier & Frank building.

“There’s good activity,” Nelson said. “It could certainly be better.”

Capstone Partners is nearing completion of the Custom Blocks, which will offer 72,000 square feet of creative office and retail space in Southeast Portland.

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