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.