Multifamily NW Apartment Report: Metro Vacancy Rate Increases to 4.85%

The Multifamily NW Spring 2018 Apartment Report was released on Wednesday, April 18th. Vacancy rates in area sub-markets, in the southern Willamette Valley and in Bend/Redmond was reported as follows:

Average rent per sq. ft. for all areas combined was reported at $1.56, reflecting a 3.31% increase from a year earlier. The 3.3% average rent increase is consistent with data reported by the national data collection firm REIS Inc. for the most recent 12-month period.