Wednesday, October 19, 2011

MMHA Breakfast Happening Now. Report: Positive Trends Continue.

At the Metro Multifamily Housing Association breakfast happening now downtown, the fall 2011 Apartment Report survey results point to "continued strength and health of the apartment market in the Portland/Vancouver area." The average overall vacancy rate continues to decline and stands at 3.34%, according to the report. Average effective rents are $0.97 per s.f., representing an 8% annual increase, according to the survey of more than 38,000 units.