Wednesday, August 28, 2013

Second Quarter Multifamily Performance Highlights for Portland Apartment Market

If you missed it, MPF Research released its Q2 Apartment Market Highlights for Portland recently. 

"Despite the fact that rent growth levels have eased since 4th quarter 2012 (5.7%), annual rent growth in Portland has stayed relatively strong and has not fallen off nearly as quickly as other metros. Unlike other markets in the West, rent growth has stayed pretty consistent by product age group."
"Strong rent growth levels were achieved thanks to tight occupancy rates, with the 2nd quarter rate landing at a solid 97.0%, a high not seen since 3rd quarter 2007." 

You can read more highlights here.