The latest news of interest to multifamily housing investors in Oregon and Washington.
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Monday, July 7, 2014
Quarterly US Apartment Rent Growth Hits 14-Year High
According to MPF Research, the U.S. apartment market made an impressive showing in 2nd quarter 2014. Occupancy jumped up to a seven-year high, even with newly built units hitting the market in large numbers. And quarterly rent growth reached a 14-year high.
Portland's rent growth was pegged at 2.3%, tied for the nation's 9th highest with Charlotte and Ft. Worth. Read more.