Report: Portland Rents Estimated to Decline 1.60% by Year’s End

Multi-Housing News indicates that the Coronavirus is causing price decreases in stabilized Class A properties. Yardi Matrix expects these decreases to cascade, extending into B and C properties as well.

Some markets will see growth this year, including Indianapolis which is forecast to see rents rise 3.20%. Tampa, Florida is also expected to see rents rise 2.80%.

Seattle had been expected to see rents increase by 3.80% this year but that forecast is now +0.90%. Las Vegas’ predicted 2.40% increase now appears more likely to decline by 5.40%.

Portland, Oregon had been forecast to see a slight rent increase by year’s end, and that has now changed to a decrease of 1.60%.  Read more.