The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Wednesday, May 27, 2020
Coronavirus Causes Biggest Annual Rent Growth Slowdown in at Least Five Years
The Coronavirus caused rents to fall in 16 major markets across the U.S., according to Zillow, and the biggest rent slowdown since 2014 with rents up year over year 2.9%. Seattle rents were up 4.7% year over year in April and Portland metro rents were up 2.3%, according to the report.