Thursday, October 20, 2016

MultifamilyNW Apartment Report: Portland Area Rents Climb; Vacancies Increase

Yesterday, Multifamily NW released its Fall 2016 Apartment Report.

The survey includes data from nearly 73,000 units in Portland/Vancouver metro area's 20 submarkets, along with units in the Salem, Eugene/Springfield and Bend/Redmond areas.

The data reflect an increase in the overall market vacancy rate and an average year-over-year rent increase of 10.5%.

A summary of year-over-year vacancy rates: