Portland Apartment Vacancy Tightens to 7.1% as Values Slide 13% and Cap Rates Widen to 6.4%

Portland's apartment market has split in two: leasing fundamentals are quietly repairing themselves as demand outruns a collapsing supply pipeline, while the capital markets keep marking values down, with average sale prices per unit falling nearly 13 percent year over year and cap rates expanding 50 basis points. Metro vacancy tightened to 7.1 percent in […]