Report shows metro rents stabilized but vacancy and new construction rates decline

A summer report from Multifamily NW (MFNW) shows high vacancy rates in the spring resulted in rent cost stabilization, but the trend may reverse as vacancy rates declined by 27% since the spring and as new construction rates continue to decline.

The Oregon-based association of property owners releases the report biannually and includes data from Costar.

MFNW president Greg Frick says new construction that became available over the spring in Portland led to more available rentals over the summer.

MORE: https://www.katu.com/news/local/report-shows-metro-rents-stabilized-but-vacancy-and-new-construction-rates-decline#oregon

#rents #landlord #oregon
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Author: KATU News
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News post in at: October 22, 2024, 3:03 am.

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