According to its most recent multi-family housing report, the apartment market remains very tight. Apartment owners were able to achieve 5.0% effective rent growth nationally and 7.5% in the Portland market, making Portland the 7th strongest market in the country. And while vacancy rates have risen slightly to 4.1%, they have stayed below the benchmark rate of 5.0% for the fifth straight year.
Read the full multifamily report here.
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