Happy New Year Portlanders – Did Your Rent Increase in 2014?
Chances are they did. According to a Zillow.com report, rents increased by about $200 million in 2014. Portland renters collectively paid $4.1 billion in rent in 2014, up from $3.9 billion in 2013.
Indicators point towards this continuing in 2015, which is not what renters want to read, but good news for multifamily property owners. Read more about this in a recently published Portland Business Journal article.
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 http://www.hfore.com