Low Inventory, High Demand for Multifamily Housing Continues in Portland Area

HFO co-founder and partner Greg Frick was interviewed this week by the Business Tribune regarding the recently released Spring 2022 Multifamily NW apartment report, which found housing production continues to trail demand and has led to migration out of Portland's urban core. 

"In terms of what we're seeing for investors, incomes and rents in some markets have definitely gone up," Greg Frick said. "Broadly, we've seen a lot of increase, especially in some outlying areas."

The Tribune story continues to discuss the barriers to construction in the metro, including the contentious Inclusionary Housing program and the cleanliness of Portland's neighborhoods.

 "(We) keep correlating homelessness to affordability, but we need to look at studies from addiction to mental health," the Tribune quotes Frick saying. "Yes there's an affordability component but it's not a large segment of what's out there. Frankly, there are ways you can see that proven, and if we want to address the problem, there seem to be inconsistencies between policies and results."

Read the full Business Tribune story at PamplinMedia.com.