With low vacancy and high rent costs, why are so few apartments under construction in Portland?

Why are there so few new apartments under construction in Portland?

The number of apartments under construction in the Rose City for the fourth quarter of 2024, was the fewest since 2011. Vacancy rates are low, which does not help renters with cost.

KATU’s Wright Gazaway is digging into the causes for the lack of new apartment buildings and looking at possible solutions for a report set to air Monday night at 6 p.m. on KATU News.
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Author: KATU News
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News post in at: April 1, 2025, 3:00 am.

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