After a surge in new student housing, the rental market in Eugene has softened, raising the issue of oversupply.
Amid a high flying multifamily construction boom in Eugene that saw permits for 1,789 new units approved in the past half dozen years, the rental market is cooling.
“There has been quite a bit of student housing built in the university area,” LCC President Mary Spilde said. “You see these small six-, eight-, 12-unit places springing up where there used to be an old house.”
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