Portland ranks in the top 4 for markets nationally in the multi-family sector, which is not a surprise based on the current sub 4% vacancy rate throughout the city. The Moody”s report confirms what multi-family investors in Portland, Oregon already know!
A new Moody”s report shows that the nation”s commercial property sector is showing increased signs of stability, led by burgeoning demand for apartments. The firm”s review of U.S. commercial real-estate trends in the first three months of the year shows modest market improvement, ranking markets” health on a scale of zero to 100 — the higher the score, the stronger the market.
The overall commercial real estate market ranking for the United State rose two points to 67. Keith Banhazl, a senior credit officer at Moody”s, remarks, “Scores for the central business district and suburban
office markets rose moderately, while those for the multifamily, retail, and industrial markets were consistent with the previous quarter.”
Looking at the individual categories, the U.S. apartment market registered a score of 88 — the highest ranking in Moody”s first-quarter review. Registering individual apartment market scores of 94 or higher were Newark, N.J.; Portland, Ore.; Ventura County, Calif.; and Miami.
Digested From “Moody”s: Commercial Real Estate Outlook Improving”
Business Week (07/25/11)