Tuesday, July 24, 2012

Apartment Investments in Portland Going Strong According to Holliday Fenoglio Fowler Report

A Multi-Housing Pulse report released by the Commercial Real Estate lender Holliday Fenoglio Fowler highlights Portland as one area of the country doing exceptionally well in the apartment market. The report cites:

  • REIS vacancy rate report for Q1 2012 of 2.4 percent
  • Delivery of only 71 units in 2011 with population growth of 41,000
  • Oregon's second highest growth rate in GDP from 2011 to 2011 with a Gross Domestic Product rate of 4.7%
  • Portland metro has been creating new private-sector jobs adding 11,500 new jobs (1.37 percent) as of April 2012
  • Compared to 2010 and 2011 institutional investors are reportedly accounting for around 30% of the buyer pool
Download the full report.