Wednesday, August 27, 2008

Portland, Oregon / Vancouver, Washington Apartment Investment Market Compares Favorably to Cities Nationwide

Q2 2008 statistics are in. Here's how the Portland/Vancouver MSA stacks up against 31 of the top metro areas: (data provided by RealFacts)

BIGGEST GAINERS:
Year Over Year Average Rent Change

  1. +10.4% Salt Lake City, UT
  2. +8.8% Tulsa, OK
  3. +8.3% Oklahoma City, OK
  4. +7.7% San Francisco, Oakland, Fremont, CA
  5. +7.4% Seattle-Tacoma-Bellevue, WA
  6. +7.3% San Jose-Sunnyvale-Santa Clara, CA
  7. +5.1% Portland-Beaverton OR, Vancouver WA

Of the 31 top metro areas measured by RealFacts, only three showed a drop in rents - all of them in Florida.

CURRENT AVERAGE OCCUPANCY
Nation's highest by Percentage

  1. 96.3% San Jose, CA
  2. 95.8% San Francisco/Oakland, CA
  3. 95.5% San Diego/Carlsbad/San Marcos, CA
  4. 95.4% Tulsa, OK
  5. 95.2% Vallejo-Fairfield, CA
  6. 95.2% Fresno
  7. 95.1% Seattle/Tacoma, WA
  8. 95.1% Salt Lake City, UT
  9. 94.7% Portland / Beaverton OR, Vancouver, WA