Downtown Portland vacancy rate drops by half to 2.3%

The Metro Multifamily Housing Association reports that overall vacancy rates in the Portland metro area trended downward from 5.2 to 5.9% over the past six months. But not every area of the metropolitan area is negatively affected, however.

Areas with vacancy rates trending lower the last six months include

• NW Portland
• Downtown Portland
• Beaverton
• Tigard/Tualatin/Sherwood
• Wilsonville/Canby
• Outer NE Portland
• Inner & Central NE Portland

Areas with vacancy rates trending upward in the last six months:

• Hillsboro
• Aloha
• SW Portland
• Lake Oswego/West Linn
• Oregon City/Gladstone
• Milwaukie
• Clackamas
• Inner & Central SE Portland
• Outer SE Portland
• Troutdale/Gresham/Wood Village/Fairview
• North Portland/St. Johns
• Vancouver