Portland-area appraiser Patrick O. Barry states in his latest apartment market report that after reaching a record 10-year job expansion in 2019, COVID-19 was a major setback. Today, Barry's report cites a State of Oregon employment forecast indicating "Economic growth in 2021 is shaping up to be one of the strongest years in decades, possibly generations."
The State of Oregon anticipates half of all jobs lost in 2020 will be regained in 2021 and we will return to pre-COVID employment levels by early 2023.
Click here to read or download the full 2020 report and 2021 Portland-area apartment market forecast.
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