Portland Ranks #10 On Apartmentguide.com “10 Cites Where Studio Rent Decreased the Most”

By April 19, 2019April 13th, 2021Portland Apartment News

From the April, 2019 issue of “Units” magazine, the top 10 cities where studio rent increased and decreased the most, Portland is #10. I suspect the article has a confusing column, the “$ Decrease” probably is the “Studio $ Average”. If that is the case, the arrival of Portland on this list is most likely due to the concessions made by new construction, close-in (expensive) studios. Most pre-2000 built properties with studios have rents lower than this average. Overall, I would call this a “new construction market correction” vs. a trend of decreased rents.

Or, the trend could be called: “New Construction Studio Rents Not As High As Developers Hoped”

Another “Portlandia” Reference
Bernard Gehret

Bernard Gehret

Joseph Bernard Investment Real Estate