Oregon Market Update: Despite Rent Control, Market Still Hot With Multiple Offers On Apartment Listings

By April 12, 2019April 13th, 2021blog, Portland Apartment News

Investors in the market are very curious to see the ramifications of rent control in Oregon, and buyers are appearing at this point to not be dissuaded from pursuing multi-family deals. We recently listed two “rehab” properties in the Portland metro area, and both properties received multiple offers (seven and thirteen offers!)

Comments from investors range from:

-“This is going to be a disaster”

And the following sentiment seems to be the prevailing opinion so far:

“The 7% (plus cost of living index) is OK, I’m “ok” with that as I don’t usually raise rents more than that anyways.”

Another point of view is worried that the politicians will keep rolling back the rent increase/controls.

Time will tell!

Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate