Friday, November 6, 2009

Downtown Portland vacancy rate drops by half to 2.3%

The Metro Multifamily Housing Association reports that overall vacancy rates in the Portland metro area trended downward from 5.2 to 5.9% over the past six months. But not every area of the metropolitan area is negatively affected, however.

 
Areas with vacancy rates trending lower the last six months include
  • NW Portland
  • Downtown Portland
  • Beaverton
  • Tigard/Tualatin/Sherwood
  • Wilsonville/Canby
  • Outer NE Portland
  • Inner & Central NE Portland
Areas with vacancy rates trending upward in the last six months:
  • Hillsboro
  • Aloha
  • SW Portland
  • Lake Oswego/West Linn
  • Oregon City/Gladstone
  • Milwaukie
  • Clackamas
  • Inner & Central SE Portland
  • Outer SE Portland
  • Troutdale/Gresham/Wood Village/Fairview
  • North Portland/St. Johns
  • Vancouver