The weather may be cooling down, but the multifamily market—right here in Portland more than most places—is hotter than ever.
This week’s roundup is sure to warm up investors with a selection of numbers articles pointing out just how hot things are, an interview with an expert on the local market, and Multifamily Executive’s article that places Portland #8 nationally in effective rent growth.
Come in, warm up, and get your multifamily game on.
Economic remodeling after the housing collapse: Editorial
Great news for local multifamily investors. Regardless of what caused it, Portland’s historically low vacancy rate continues to be music to their ears—with The Oregonian claiming that:
"...Portland is well-positioned for a new economy that puts greater emphasis on multi-unit rental housing located close to major employers."
Fall 2013 Portland Metro Area Apartment Market Overview
Local multifamily expert Greg Frick shares his insights on the exploding apartment market in Portland.
The Multifamily Footprint in The United States in 2013
To get an idea of just how large the multifamily market is, follow these calculations by author John Wilhoit, jr.
"[the] estimated number of total multifamily dwelling units in the United States is 46.8 million..."
Top and Bottom Markets for September Rent Growth
Local multifamily news couldn’t be any sweeter, as Portland bucks a national trend and finds itself among the top ten nationally in rent growth.
"Nationally, occupancy improved by about 29 basis points across all metropolitan statistical areas, according to the data."
2014 Resolution: Where Are Multifamily Assets Headed?
Take a look over the multifamily horizon with our friends at BiggerPockets. The article starts with this call to action and goes to give some sound advice concerning investing in the current asset class market :
"Investors you are only 68 days away from 1/1/2014. 2014 is upon us! Have you made you investment resolution?"
There is no better time to consider your investment in multifamily property. Let the experts at KerNors LLC show you how. We’ve been helping clients create and protect wealth since 1924. Call to get started today.