ConstraintLayout Editor CPU Usage / Slowness

I'm having trouble with the layout editor on android studio when using layout constraints. It seems to work fine on simple layouts, however, when the layout has a large number of elements, the CPU load goes up to 100% and there is some sort of 3-4 second delay in any action in the editor. This makes the visual editor almost unusable. Does anyone have a similar problem with complex layouts using constraint layout?

I am using Android Studio 2.3.1.

My computer is a 2015 MacBook Pro, 2.8GHz Core i7, 16GB RAM.