The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, January 6, 2015
How Did the US Apartment Market Perform in the 4th Quarter? Average Rents Up 3.6%
Did the U.S. apartment market outperformed expectations through the first three quarters of 2014. But with a huge supply volume scheduled to deliver in Q4, a period of historical softness in demand, could the industry sustain that momentum?
MPF Research reports.
Meanwhile the Wall Street Journal reported that smaller cities led the way in 2014 rent increases, with Portland in 12th place overall with rent increases of 4.6%.