Further evidence Portland’s apartment market is reaching the overheated stage:
The city ranks fourth in the nation for growth in apartment rents.
Nationwide, rents increased 1.77 percent in March compared to a year ago, while Portland recorded a 9.92 percent increase in rents
- Naples, Fla.
- San Jose, Calif.
- Boulder, Colo.
- Portland, Ore. (previously #60)
The top four cities for occupancy rates were:
- San Jose, Calif.,
- Minneapolis,
- San Francisco
- New York.
AXIOMetrics Inc., a Dallas, Tex.-based firm that tracks the apartment market, released its March report on Wednesday.
Read more: Portland rental market No. 4 for growth | Portland Business Journal
