Doug Marshall
Market Assessment
Published March 9, 2009
A recently completed apartment survey by Norris & Stevens strongly suggests that the apartment rental market remains robust in spite of a weakened economy.
Norris & Stevens surveyed over 150,000 units including 17 submarkets of the Portland metro area, and the 5 major cities of the Willamette Valley – Salem, Albany, Corvallis, Eugene and Springfield.
Some of their findings include:
· The overall vacancy rate for the Portland Metro area was 6.58%.
· Rents have remained steady in most submarkets but have dropped slightly in the most
challenged areas.
Go to the Marshall Commercial Funding web site for details on this interesting study and a copy of the Norris & Stevens Winter Apartment Survey.
Market Assessment
Published March 9, 2009
A recently completed apartment survey by Norris & Stevens strongly suggests that the apartment rental market remains robust in spite of a weakened economy.
Norris & Stevens surveyed over 150,000 units including 17 submarkets of the Portland metro area, and the 5 major cities of the Willamette Valley – Salem, Albany, Corvallis, Eugene and Springfield.Some of their findings include:
· The overall vacancy rate for the Portland Metro area was 6.58%.
· Rents have remained steady in most submarkets but have dropped slightly in the most
challenged areas.
Go to the Marshall Commercial Funding web site for details on this interesting study and a copy of the Norris & Stevens Winter Apartment Survey.
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