Portland Vacancy Rates Down, Rents Going Up
A new report out this week shows Portland vacancy rates are on their way down even lower – even as rents climb.
That’s according to Real Estate investment services firm Marcus & Millichap. It cites the amount of time it takes to bring a new rental to market as part of the reason for the trend. Eddie Passadore, president of Passadore Properties, says smaller investors can take advantage – and fast. “Bringing a single home or condo to market is as simple as successfully closing on a number of short sales and foreclosures at historic lows. And those are the kinds of homes Passadore Properties manages.”
Find out more about the report – and what’s driving the trend here.