The Portland apartment market has been on an unprecedented run since 2014. However, the reality of a "normal" market may be setting in as we see increased vacancies, flat or modest rent increases, peak apartment completions, and rising interest rates. But, up to this point, values have barely flinched, jobs growth remains strong, wage growth is finally happening, and long term prospects for Portland remain strong.
We recently published our Annual Barry Apartment Report. We've summed up what occurred in 2017 and where we see things headed in 2018.