The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Thursday, May 24, 2018
Survey: Portland Has Second Highest Share of Location-First Movers
A recent Apartment List survey found that 69% of renters who move to Portland are "location-first" movers. That is the second highest rate among the 33 largest cities in the US. Apartment List defines "location-first" movers as those who move to the city where they want to live and then look for a job. Alternatively, renters who move to a city because of a specific employment opportunity are called "job-first" movers. Las Vegas has the highest share of location-first movers, while San Jose has the highest percentage of job-first movers. The survey also found that over 40% of renters in the Portland Metro Area plan to settle down here, rather than moving to a less expensive metro. Read more.