The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Tuesday, June 26, 2018
Affordable Oregon: Portland Is the Most Expensive Place to Build in the Metro Area
The Daily Journal of Commerce reports that a new study by nonprofit Affordable Oregon determined that Portland is the most expensive city to build in the metro area. The study looked at 19 jurisdictions and evaluated costs using six categories, including systems development charges, permitting fees, planning fees, time to market, total combined costs, and a building industry survey. According to the study, permits, fees, SDCs, and delays add $85,300 to the cost of a home in Portland, regardless of the home's size or value. Throughout the metro area, the median is $65,000. West Linn and Beaverton are the second and third most expensive jurisdictions. Read more.