Thursday, March 5, 2015

Portland Center for Real Estate Issues Quarterly Real Estate Report for Multifamily

The Portland State University Center for Real Estate has issued its quarterly report for the Portland metro area market.

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.