MultifamilyNW: Portland Metro Apartment Vacancy Rate Falls to 3.55%

Apartment vacancies in the Portland/Vancouver area declined to 3.55% according to Multifamily NW (previously the Metro Multifamily Housing Association).

Multifamily NW held its bi-annual Apartment Report breakfast this morning.  The area’s lowest vacancies are reported as follows:

2.5% – N. Portland/St. Johns
2.7% Tigard/Tualatin/Sherwood
2.8% SW Portland
2.9% Inner & Central SE Portland
3.1% Milwaukie
3.3% in NW Portland.

Vacancy rates throughout the metro area were forecast to increase to 5% by 2015 as a result of new apartment construction.

This morning’s report release event was sponsored by HFO.

See HFO’s current listings of apartment buildings for sale in Oregon and SW Washington.