Skip to Main Content

Blog Posts

Blog Post Icon

Washington Multifamily Marketwatch - 1.02

This week: Washington state's population continues to boom, state property values soar for 2022, plus updates on the nation's housing shortage and affordable housing initiatives. Check out this episode! HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment...

Blog Post Icon

Portland City Auditors: Building Permit Reviews Slower, but "Substantive Progress" Made

In a one-year follow-up to its 2021 report criticizing long-standing problems within Portland’s building permits system, the city auditor's office says the city made "substantive progress" in addressing the previous audit recommendations. The March 2021 report called for city council-level leadership to solve the long-standing problems in...

Blog Post Icon

Sold! 8 Units in Beaverton, OR

Congratulations to HFO broker Lee Fehrenbacher and the rest of the HFO team on the sale of eight-unit Pierson Place Apartments in Beaverton, OR. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at...

Blog Post Icon

Harvard Joint Center for Housing Studies: Multifamily Starts Hit 30-year High of 470,000 Units in 2021

The Harvard Joint Center for Housing Studies has released its annual report, The State of the Nation’s Housing 2022, available for download here. The report details and examines nationwide housing trends and their causes, this year predicting that record levels of multifamily construction starts will provide some relief for tenants facing...

Blog Post Icon

Portland, Seattle, and Olympia Metro Rents Among the Highest in the Nation

According to the most recent available rent data from the U.S. Census Bureau's American Community Survey, the Portland-Vancouver-Hillsboro, OR-WA, Seattle-Tacoma-Bellevue, WA, and Olympia-Lacey-Tumwater, WA metro areas are among the top 50 regions with the highest rents in the nation. The Center Square published an analysis of the data showing the...

Blog Post Icon

Sold! 20 Units in Vancouver, WA

Congratulations to HFO brokers Greg Frick, Todd Tully and the rest of the HFO team on the sale of 20-unit Creekside Manor in Vancouver, WA. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at...

Blog Post Icon

Oregon Ranked 9th-Best State Economy

WalletHub has listed Oregon ninth on its 2022 list of the best and worst state economies, falling slightly from eighth on the list in 2021. The company's rankings are determined by examining 28 key indicators of economic performance and strength, from GDP growth to startup activity to the share of jobs in high-tech industries. However, Oregon...

Blog Post Icon

Sold! Six Units in Portland, OR

Congratulations to HFO brokers Jack Stephens and Stephen Wendt and the rest of the HFO team on the sale of the six-unit property at 6839 N Fessenden Street in Portland, OR. HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and...

Blog Post Icon

NMHC: Multifamily Well-Positioned Amid Rising Interest Rates

The National Multifamily Housing Council (NMHC) reports that apartment cap rates decreased to a record low of 4.7% in the first quarter of 2022 as rent growth reaches historic levels. NMHC notes cap rates are likely to rise if the Fed triggers a recession by aggressively increasing rates in an attempt to control inflation. "Investors should look...

Blog Post Icon

Eight Oregon Metros Set to Eliminate Minimum Parking Requirements

Driven by efforts to address the statewide lack of housing and slow the effects of climate change, Oregon is set to adopt new permanent land-use rules in July that will do away with minimum parking requirements for homes and businesses in the eight most populous metro areas, the Oregonian reports. "In both Oregon and California, eliminating...

Blog Post Icon

JPMorgan Chase 2022 Midyear Commercial Real Estate Outlook

JPMorgan Chase Head of Commercial Real Estate Al Brooks published his mid-year outlook for multifamily real estate this month, noting that rising single-family housing prices and mortgage rates have led renters to stay in their homes longer. “Performance metrics remain tight, with asking and effective rents posting near-record highs in the first...

Blog Post Icon

Seattle | Bellevue | Everett: New Lease Rates up 23.5%

RealPage analytics reports that although inflation is casting doubt on the U.S. economy, the red-hot rental market continues unabated. "Rent growth reached another record high in May, as did renter incomes," the company said. With the largest rent increases in pricier class A and B apartment units, new lease rate changes (trade outs) are rising...

Blog Post Icon

Sold! 10 Units in Salem, OR

Congratulations to HFO broker Adam Smith and the rest of the HFO team on the sale of the 10-unit multifamily property at 810-828 14th Street NE, Salem, OR 97301! HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington...

Blog Post Icon

Washington Multifamily Marketwatch

Seattle Mayor vetoes City Council's attempted overreach into landlord's private business information; Rents are up as the housing market cools a bit, but Washington state remains tops in rankings for best places for millennials and pretty much anyone else. Check out this episode! HFO Investment Real Estate specializes in multifamily brokerage...

Blog Post Icon

Seattle Mayor Vetoes Proposed Regulations for Rental Owners

Seattle's Mayor Bruce Harrell vetoed a City Council plan to require landlords to provide financial information on their rental units to a research institution. The plan was estimated to cost between $2 and $5 million with no identified funding source in a year when Seattle is facing a budget shortfall. In his veto letter to the City Council, the...

Blog Post Icon

Oregon Minimum Wage Hike July 1 Alters Affordable Rents

The Oregon Housing Blog reports that as of July 1, there are upcoming rent changes allowed under Oregon's new minimum wage. Rents for full-time minimum wages will increase from $26-$52 per month depending on the area within the state.Within the City of Portland, the highest full-time minimum wage affordable rent is $1,023 at 40% of income rent...

Blog Post Icon

Census Data Shows Pandemic-Related Declines in Big City Populations

U.S. Census Bureau population estimates released late last month show eight of the 10 largest cities in the U.S. saw population declines in the first year of the pandemic. Despite not ranking in the top 15 in 2019, San Francisco led the way in 2021 with a loss of almost 55,000 residents, or 6.3% of its 2020 population. Images via www.census.gov...

Blog Post Icon

Sold! 7 Units in Portland, OR

Congratulations to HFO brokers Lee Fehrenbacher and Greg Frick and the rest of the HFO team on the sale of the seven-unit multifamily property at 1223 NW 24th in Portland! HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and...

Blog Post Icon

HFO Named CoStar Power Broker for 16th Time in 22 Years

HFO Investment Real estate has been named one of CoStar's 2021 Power Brokers in the Portland metro area, receiving the award for the 16th time in the company's 22-year history. The company was first recognized by CoStar for being a leading local dealmaker in 2006. CoStar, the leading provider of commercial real estate information, analytics, and...

Blog Post Icon

Sold! 100 Units in Gresham, OR

Congratulations to HFO broker Tyler Johnson and the rest of the HFO team on the sale of 100-unit Trailmark Apartments in Gresham, Oregon! HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at...

HFO Quote