The Rental Housing Journal Portland Metro print publication for March of 2023 is now available in our new flipping book format here. Please check it out.
Read how Portland’s limited inventory of rentals have shown solid performance, Yardi Matrix says in a special Portland bulletin.
“The softening trend that seized the national multifamily market at the start of fall 2022 also engulfed Portland, but the metro’s performance remained healthy,” the report says.
“The occupancy rate in stabilized properties signaled a tight rental market, settling at 95.7 percent in November following a 40-basis-point dip over the course of one year.”
Year-over-year, Portland metro rents rose 7.2 percent to $1,770, 100 basis points above the U.S. figure, which stood at $1,715 as of December.
However, Yardi Matrix points out that the moderating trend in rents seen recently “will most likely continue into 2023.”