The Portland Metro apartment market has shown a robust recovery over the past 6 months. However, some recent data and forecasts are a bit concerning.
Vacancies are forecast to decline over the next three years, returning to 2013‐2016 levels
Year over year rents are forecast to increases around 4.0 to 9.0 percent over the next three years
Number of units under construction has dropped from a high of around 12,500 in 2018 to 4,000 as of YTD 2021. Future development levels are uncertain.
Portland Metro population growth forecast to increase and return to 2012‐2013 levels in the coming years
