Wednesday, December 7, 2011

Is Portland A Renter's Hell?

In this week's cover story Willamette Week's banner headline is "Renter's Hell: Portlanders pay a steep price in the nation's toughest rental market."

The report cites statistics from the US Bureau of Labor  and Metro Multifamily Housing Association that average Portland area rents have increased 8% this year, 16.9% in the last five years.  It reports that rents in downtown and the Pearl District have increased 15.8% this year and 36% over the last five years. Read the full story online.