The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Monday, July 21, 2014
Five Reasons Apartment Occupancy Is Growing
Most people think that when a flood of new supply hits the apartment market, occupancy and effective rents will go down. That’s true in most cases, but not in the first half of 2014, according to Axiometrics research. Even though 180,000 units have come on line in the past year, with thousands more on the way in the third and fourth quarters, occupancy and effective-rent growth have been at their highest levels since almost the turn of the 21st century. Read more.