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Portland Multifamily Vacancy Dips Further

hamilton-zanze July 30, 2013

According to NAI Norris, Beggs, & Simpson, the multifamily vacancy rate in Portland, OR fell to 2.04% in the Q2 2013, driving average rent for one-bedroom-units up $29 to $826 or $1.15 per square foot. The high occupancy rate should ease slightly as the 5,000 units currently under construction are completed. In addition, 10,000 units are proposed to begin construction in the next year, concentrated primarily in the downtown area.

Read the full article at the Portland Business Journal