Thursday, January 1, 2015

Happy New Year Portlanders - Did Your Rent Increase in 2014?


Chances are they did. According to a Zillow.com report, rents increased by about $200 million in 2014. Portland renters collectively paid $4.1 billion in rent in 2014, up from $3.9 billion in 2013. 

Indicators point towards this continuing in 2015, which is not what renters want to read, but good news for multifamily property owners. Read more about this in a recently published Portland Business Journal article