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|Articles - August 2011|
|Wednesday, July 20, 2011|
By Linda Baker
Landlords of Portland, rejoice. Although the city’s residential real estate market remains in the doldrums, the rental market is flourishing.
During the first quarter of 2011, apartment vacancy rates were 3.4%, the lowest in the country and a full point lower than last year. And as supply tightens, rental rates are soaring. Portland ranks fourth in the country for growth in apartment rents, according to AXIOMetrics, a Texas firm that tracks the apartment market. Nationwide, rents increased 1.77% in March compared to a year ago. During that same period, Portland recorded a whopping 9.92% increase in rental rates.
A steady stream of new residents and a limited supply of new projects are driving the Portland market, says Bernard Gehret, principal broker for Portland-based Joseph Bernard Investment Real Estate. In 2010, 737 construction permits were issued for Portland area multi-family developments; typically, there are 4,000, Gehret says. “People are leaving home ownership,” he says. “But there are no new buildings.”
Gehret says these market conditions aren’t expected to change any time soon, giving landlords another reason to celebrate. “We’ll probably see rents go up again in 2012,” he says.
Wednesday, September 30, 2015
BY LINDA BAKER | EDITOR
The media coverage about Pope Francis must have put me in a Biblical frame of mind. Because after touring the latest phase of the South Waterfront development, a mind boggling 1.5 million square feet of office and retail space that will spring up north of the aerial tram over the next few years, I couldn’t stop thinking about the massive project as a modern day creation story.
Tuesday, November 17, 2015
BY LINDA BAKER
The past month has been marked by upheaval in the health insurance markets. I also check in on clients of the Export-Import bank, a federal credit agency that subsidizes, and insures, foreign exports.
Tuesday, November 03, 2015
Two trends dominate the manufacturing sector: onshoring and the rise of small-scale production manufacturing, known as the "maker economy."
Monday, September 28, 2015
BY BEN WATERHOUSE
How Portland's Garden Bar plans to become the Starbucks of salad.
Wednesday, October 28, 2015
BY AMY MILSHTEIN
Oregon's first generation of food entrepreneurs created a brand based on quality and craftsmanship. Can the second generation sustain it?
Wednesday, October 14, 2015
BY JASON E. KAPLAN | STAFF PHOTOGRAPHER
Monday, September 28, 2015
BY DAN COOK
Eastern Oregon marketers refocus rural assets through an urban lens.
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Economic diversity has proven a smart strategy for the Port of Hood River. How can other Oregon communities replicate the model?
Phone, Internet needs of small community school districts earn attention of top-five telecom provider.
Farmland LP grows its vision for organic farming in Oregon.
The Salem Convention Center has capped its tenth anniversary year by earning the prestigious “Best of the Best 2015” award from NW Meetings & Events magazine. Selected as the Best Convention/Conference Venue in Oregon by meeting and event planners from Alaska, British Columbia, Idaho, Oregon and Washington, the Salem Convention Center ranked above the Oregon Convention Center and the Portland Art Museum.
The Oregon Cooperative Hall of Fame honors individuals for their outstanding contributions to the successful building and operation of Oregon agricultural cooperatives.
Health insurer reports $10.2 million in net income after taxes through the first nine months of 2015.