According apartment analytics company MPF Research:
"Portland’s apartment market will continue to rank among the top-tier achievers nationally in the near term, ongoing building activity remains fairly restrained. Properties under construction at the end of 2Q total just over 3,000 units, translating to inventory growth of about 1.7% over the next 18 months or so. Those additions should be easy to digest in a metro where the Bureau of Labor Statistics reports that employment growth is progressing at an annual rate of about 24,000 positions, or 2.4%."
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