Wednesday, October 14, 2015

Breaking... MultifamilyNW Releases Fall 2016 Vacancy and Rent Rates

In its Apartment Market Report released this morning, MultifamilyNW relorts the fall 2015 rent and vacancy rates as follows:

Portland/Vancouver vacancy factor declined to 2.8%. 

Portland/Vancouver rent rates have increased at an annual rate of 9%.

Apartment lobbyist Gwenn Baldwin indicated the Portland City Council is expected to approve a 90-day rent increase notice requirement at its meeting today. If approved, the rule would take effect November 13th.