Thursday, March 5, 2015
Portland Center for Real Estate Issues Quarterly Real Estate Report for Multifamily
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.