Fall Metrofamily NW Apartment Report Released, Including Portland Rent & Vacancy Data

By November 18, 2020April 13th, 2021Portland Apartment News, Uncategorized

Metrofamily NW releases a spring and fall newsletter annually, and they do a terrific job providing great information for apartment owners.  The fall 2020 report focused on rent and vacancy levels in the Portland metro area, here is a summary:

  • Vacancy rates in the Portland/Vancouver area rose slightly from 4.7% to 5.1% from last spring.
  • Rents are flat at $1.76 average per square foot (from $1.75).
  • Downtown rents decreased
  • Rents in Salem increased 5%

Also Included in the report:

  • Rent surveys for Oregon and SW Washington
  • Update on laws effecting apartment landlords and tenants
  • Sales/transaction data from Patrick Barry of Barry and Associates

Here is the Multifamily NW link

Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate