Portland rents rise and vacancy falls

Portland rents rise and vacancy falls

Apartments are getting harder to find in the Portland area as vacancy falls and rents rise.

The metro vacancy rate fell to 2.2 percent from April to June, according to preliminary numbers released Thursday by Reis Inc., a real estate data firm.

Portland remains the second-tightest apartment market in the country, with a vacancy rate only slightly higher than New York. In fact, Reis reports identical 2.2 percent vacancy rates but identifies New York as the tightest market in its accompanying analysis.

Read more at OregonLive.com.