MPF Research Pegs Portland’s Annual Q1 2014 Rent Growth #4 Nationally at 7.9%
Newly released data shows the U.S. apartment sector continues to post strong fundamentals even as new supply levels ramp up – with occupancy registering around 95% and annual rent growth around 3% for the seventh consecutive quarter. If there are any surprises, it’s that rent growth levels haven’t slipped – and in fact, they’ve jumped in some key spots with significant levels of apartment development.
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| Annual Rent Growth Leaders for Year Ending Q1 2014 | ||
| Rank | Metro | Annual Rent Growth |
| 1 | Oakland | 9.1% |
| 2 | San Jose | 8.7% |
| 3 | San Francisco | 8.1% |
| 4 | Portland | 7.9% |
| 5 | Denver-Boulder | 7.6% |
| 6 | Seattle-Tacoma | 6.2% |
| 7 | Miami | 5.7% |
| 8 (Tie) | Houston | 4.7% |
| 8 (Tie) | San Diego | 4.7% |
| 10 | Austin | 4.5% |
| 12 (Tie) | Atlanta | 4.3% |
| 12 (Tie) | Nashville | 4.3% |
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