Rents continue to rise in Portland as fewer apartments are empty.
And despite an unusually high number of new apartments reaching the market making some landlords wary, the balance isn’t shifting yet.
“This is about as strong a landlord’s market as I have ever seen,” said Mark Barry, a Portland apartment appraiser with about 30 years of experience.
The survey puts apartment vacancy at just 3.11 percent, down from 3.55 percent in the last report released in April. Portland has one of the tightest markets for rental housing in the nation, according the the U.S. Census Bureau and industry studies.
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