Last Year’s Largest Apartment Projects Delivered in Portland
ByPortland, Ore.—It’s a landlord’s market in Portland with demand for apartments driving rents up over the last few years. The demand for luxurious Portland apartments with all modern conveniences is growing, leading the owners of existing buildings to refurbish older buildings while new luxury apartment complexes spring up continuously.
Low vacancy make Portland a big favorite with developers, as opposed to tenants who face rising rents and intense competition for available apartments. New developments completed since 2010 primarily target the upmarket tenant, with average rents for these developments standing at $1,707 compared to the overall $1,394 average for Portland apartments according to data from Yardi Matrix. 2015 saw the completion of several striking apartment projects, and a look at the top 5 reveals the latest upmarket apartment trends:
Last Year’s Largest Apartment Projects Delivered in Portland
