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PORTLAND MSA
MARKET REPORT
PORTLAND MARKET REPORT
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SUMMERFIELD C OMMERCIAL
This report has been prepared by Summerfield Commercial for use by a limited number of parties and has been obtained from sources believed reliable. While
we do not doubt its accuracy, we have not verified it, and make no guarantee, warranty or representation about it. It is your responsibility to confirm,
independently, its accuracy and completeness. All projections have been developed by Summerfield Commercial and are based upon assumptions relating to the
general economy, demographic trends, and historical statistics and are subject to variation. Further, Summerfield Commercial disclaim any and all liability for
representations and warranties, expressed and implied, contained in, or for omissions from, this information or any other written or oral communication
transmitted or made available to the recipient.
This report and the contents, except such information, which is a matter of public record or is provided in sources available to the public, are of a confidential
nature. By accepting this report, you agree that you will hold and treat it in the strictest confidence, that you will not disclose this report or any of the contents to
any other entity without the prior written authorization of Summerfield Commercial and that you will use the information in this report or any of its content in
any fashion or manor detrimental to the interest of Summerfield Commercial.
These reports are intended to provide a general overview for the selected area. Additional information or custom reports will be made available upon further
request.
DISCLAIMER
PORTLAND MARKET REPORT
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PORTLAND MSA SUMMARY
The Portland metro area is the largest population center in Oregon and a major regional, national, and global commercial hub. The Portland MSA can be broadly
defined as the cities and communities in Clark county in Washington and Multnomah, Washington, and Clackamas counties in Oregon. This overall region can
be divided by submarkets, outlined on the map on the following page, which are determined by a combination of official city boundaries plus socioeconomic
and/or demographic variances. Each identified submarket will be referenced throughout this report.
As of 2017, this market had an approximate population of 2.4 million people, representing a 5.6% growth since the 2010 Census. The primary explanation for
this growth is jobs, lifestyle, and a general trend of reurbanization by populations nationwide; the area is fueled by well paying jobs in both the public and private
employment sectors. Major industries in the area include software, semiconductor fabrication, light and heavy manufacturing, transport, timber production, and
business/financial services. Notable companies with a headquarters or major presence in the Portland MSA include: Nike, Intel, Daimler North America, Vestas,
and Precision Castparts, plus satellite engineering offices for many major technology companies (Google, Facebook, Yahoo, etc.). Portland also houses a major
river port on the Columbia, making it a global point of export for goods produced domestically.
A major draw for individuals migrating to the Portland area is its lifestyle, such as easy access to outdoor activities in national and state parks, skiing, and
relatively close proximity to the Oregon coast. The city of Portland itself is renowned for its music, nightlife, and food scenes. Developers in the city have taken
advantage of this with much of the new construction located near light rail stations and incorporating ground-floor retail and live-work spaces.
Portland benefits from a well built out public transit network that connects via the MAX light rail which connects the city with its suburbs as well as providing
easy in-city transit. This is complemented by the TriMet bus and streetcar system which provides local and express routes and integrates with the light and
commuter rail lines.
Understandably, the factors mentioned above have led to a robust multifamily market in the Portland area. This has primarily manifested as somewhat of a
development boom over the past 8 years: 182 properties have been built since 2010, with another 63 currently under construction and 132 in the permitting
process. Rents are strong across the region with an average of $1,303 across all unit types in the market overall. Rents are predicted to grow at 2-3% for the next
10 years. Sales in 2018 were down slightly in volume from 2017 (27 vs 31) with buildings trading at an average of $32,687,700 or $212,258 per unit.
While growth has not been as dramatic as other west coast markets such as Seattle, Portland still presents great opportunities, particularly in large, garden style
properties with value-add possibility. Development is also still a strong proposition, particularly in core in-city locations in Portland and in suburban sites close to
light rail stations and park and rides. Overall Portland can be considered a very sound market for the multifamily investor with expectations to continue in that
vein for many years to come.
PORTLAND MARKET REPORT
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PORTLAND MSA SUBMARKETS
Portland MSA Submarkets
Downtown/Pearl
Northwest
North Portland
Northeast
East
Southeast
Southwest
Vancouver East
Vancouver West
Central Northeast
PORTLAND MARKET REPORT
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State GDP State Ranking 2017 Population Bachelor’s Degree 2017 GDP* 15 Year GDP %
Growth
2017 Real GDP Per
Capita
Connecticut 23 3,588,184 38.0% $260.8 46.5% $62,633
Louisiana 24 4,684,333 23.0% $246.3 75.3% $44,372
Oregon 25 4,142,776 31.4% $236.2 94.9% $51,312
South Carolina 26 5,024,369 26.5% $219.1 75.4% $37,333
Overall Growth*: Connecticut ($82.8 B); Louisiana ($105.8 B); Oregon ($115.0 B); South Carolina ($94.2 B)
Overall Growth: Connecticut ($1,400); Louisiana ($2,616); Oregon ($13,643); South Carolina ($1,296)
GDP COMPARISON BY STATE
*GDP numbers in Bi l l ions of dol lars*
PORTLAND MARKET REPORT
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OREGON GDP GROWTH BY MSA
MSA 2002 2009 2016 13 Year % Growth
Portland, OR $81,169 $131,012 $164,466 102.6%
Salem, OR 9,459 12,485 16,076 70.0%
Eugene, OR 9,402 12,036 15,393 63.7%
Bend, OR 4,656 5,770 9,364 101.1%
Medford, OR 5,077 6,143 8,014 57.8%
Corvallis, OR 3,120 5,281 4,559 46.1%
Albany, OR 2,664 3,220 4,027 51.2%
Grant Pass, OR 1,413 1,883 2,362 67.2%
OREGON $121,204 $181,022 $236,219 94.9%
*GDP numbers in Bi l l ions of dol lars*
PORTLAND MARKET REPORT
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MSA Total
Employment
Percent MF
Housing Units
Current Average
Rent (2014)
10 Year % Rent Growth
Median Home
Value
Portland, OR 1,118,300 38.1% $1,001 43.8% $284,900
Salem, OR 154,500 29.0% $764 23.7% $187,200
Eugene, OR 148,700 34.1% $915 29.2% $238,700
Medford, OR 81,100 27.7% $851 20.5% $211,800
Bend, OR 74,200 21.7% $1,051 28.6% $255,800
Corvallis, OR 38,100 43.3% $846 10.7% $262,300
Albany, OR 32,700 26.0% $802 N/A $175,100
Grants Pass, OR 20,100 26.3% $846 N/A $182,400
OREGON 1,783,300 23.2% $924 34.1% $238,000
OREGON DEMOGRAPHICS BY MSA
PORTLAND MARKET REPORT
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PORTLAND MSA DEMOGRAPHICS
Portland Beaverton Hillsboro Tigard Gresham Vancouver
Population (2010) 583,799 89,786 92,251 48,189 105,641 162,492
Population (2000) 529,897 78,263 70,999 42,860 90,516 144,959
Total Difference 53,902 11,523 21,252 5,329 15,125 17,533
Population % Growth 10.2% 14.7% 30.0% 12.4% 16.7% 12.1%
Population (2017 Estimate) 647,805 97,514 106,894 53,148 111,053 175,673
Six Year Difference 64,006 7,728 14,643 4,959 5,412 13,183
Population % Growth (2010-2016) 11.0% 8.6% 15.9% 10.3% 5.1% 9.1%
Persons Per Square Mile (2010) 4,375 4,795 3,833 4,066 4,551 3,482
Unemployment Rate (April 2017) 3.7% 3.6% 3.5% 3.5% 4.1% 5.6%
Living in same house 1+ years 79.7% 80.0% 79.7% 83.0% 84.3% 78.9%
Bachelor’s Degree or Higher 47.0% 44.8% 36.5% 42.8% 19.8% 26.7%
Households (2011-2015) 256.432 38,201 36,267 20,021 38,921 67,342
Median Household Income $58,423 $59,620 $70,180 $65,505 $49,866 $52,004
Workforce Percentage 69.5% 69.4% 70.0% 69.7% 65.3% 64.6%
Renter Occupied Housing Units 46.9% 52.4% 47.9 41.5% 47.5% 50.8
Median Gross Rent (2011-2015) $1,025 $1,094 $1,176 $1,058 $958 $986
Median Housing Unit Value (2011-2015) $319,400 $303,500 $255,700 $32,100 $224,000 $217,200
Monthly Mortgage Expense (2011-2015) $1,787 $1,806 $1,682 $1,861 $1,616 $1,456
PORTLAND MARKET REPORT
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RENTAL DATA BY AREA
Rental Data by Location Total Properties Rent - Low $/SF - Low Rent - High $/SF - High Average Rent Average $/SF
North Portland 12 $795 $1.02 $3,611 $3.22 $1,550 $1.84
Studio 5 $963 $1.98 $1,405 $3.22 $1,238 $2.62
1x1 12 $795 $1.02 $2,883 $3.03 $1,439 $2.03
2x1 6 $923 $1.04 $1,739 $2.10 $1,140 $1.34
2x2 6 $1,483 $1.37 $2,310 $2.95 $1,812 $1.74
3x2 1 $1,426 $1.43 $1,444 $1.44 $1,433 $1.43
Vancouver West 77 $449 $0.70 $2,906 $2.84 $1,224 $1.32
Studio 10 $449 $1.12 $1,315 $2.84 $953 $1.95
1x1 65 $527 $0.70 $1,900 $2.81 $1,062 $1.51
2x1 39 $658 $0.73 $1,559 $1.81 $1,126 $1.27
2x2 41 $978 $0.93 $2,462 $2.34 $1,331 $1.28
3x2 22 $1,266 $1.02 $1,856 $1.53 $1,543 $1.25
Vancouver East 60 $677 $0.84 $2,255 $2.72 $1,276 $1.35
Studio 5 $781 $1.52 $1,179 $2.47 $963 $2.03
1x1 48 $677 $0.98 $1,550 $2.72 $1,111 $1.59
2x1 39 $777 $0.91 $1,579 $2.09 $1,243 $1.38
2x2 35 $972 $1.06 $1,963 $1.94 $1,309 $1.28
3x2 30 $1,220 $0.95 $2,255 $1.73 $1,539 $1.31
East Portland 59 $500 $0.84 $2,005 $2.31 $1,161 $1.37
Studio 13 $800 $0.93 $992 $2.08 $783 $1.50
1x1 47 $550 $0.93 $1,283 $2.08 $1,004 $1.50
2x1 40 $808 $0.92 $1,498 $1.83 $1,167 $1.35
2x2 26 $1,128 $1.07 $1,665 $1.69 $1,278 $1.30
3x2 22 $902 $0.84 $1,659 $1.69 $1,407 $1.28
PORTLAND MARKET REPORT
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RENTAL DATA BY AREA
Rental Data by Location Total Properties Rent - Low $/SF - Low Rent - High $/SF - High Average Rent Average $/SF
Central Northeast 26 $600 $1.24 $3,580 $5.83 $1,279 $1.93
Studio 13 $600 $1.25 $1,526 $5.12 $1,100 $2.49
1x1 21 $724 $1.34 $1,902 $4.71 $1,216 $2.03
2x1 12 $1,155 $1.39 $2,529 $3.47 $1,336 $1.83
2x2 8 $1,318 $1.24 $3,170 $2.92 $1,515 $1.51
3x2 0 N/A N/A N/A N/A N/A N/A
Downtown/Pearl 67 $484 $1.19 $7,273 $5.82 $1,763 $2.44
Studio 55 $669 $1.38 $2,760 $5.82 $1,270 $2.64
1x1 58 $954 $1.51 $1,144 $4.72 $1,669 $2.38
2x1 23 $1,354 $1.53 $2,892 $3.57 $1,798 $2.04
2x2 37 $1,368 $1.35 $7,273 $4.64 $,2471 $2.31
3x2 8 $1,618 $1.52 $4,405 $2.85 $2,832 $2.33
Southeast 73 $649 $0.82 $7,123 $3.65 $1,294 $1.48
Studio 15 $649 $1.73 $1,208 $3.66 $985 $2.22
1x1 61 $778 $1.19 $3,960 $3.75 $1,129 $1.67
2x1 49 $894 $0.82 $1,916 $2.41 $1,179 $1.38
2x2 36 $990 $1.04 $6,706 $3.88 $1,425 $1.35
3x2 22 $1,180 $0.98 $2,508 $1.73 $1,667 $1.36
Southwest 63 $674 $0.77 $2,630 $2.73 $1,326 $1.47
Studio 9 $886 $1.47 $1,695 $2.56 $1,112 $2.14
1x1 52 $674 $0.96 $1,766 $2.50 $1,172 $1.67
2x1 45 $774 $0.77 $1,718 $2.06 $1,231 $1.42
2x2 45 $989 $0.95 $2,154 $1.94 $1,418 $1.41
3x2 36 $1,127 $1.00 $2,313 $1.76 $1,605 $1.37
PORTLAND MARKET REPORT
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RENTAL DATA BY AREA
Rental Data by Location Total Properties Rent - Low $/SF - Low Rent - High $/SF - High Average Rent Average $/SF
Northwest/Washington County 170 $1,114 $0.92 $2,320 $1.78 $1,627 $1.36
Studio 19 $706 $1.64 $1,474 $2.93 $1,095 $2.22
1x1 152 $679 $0.94 $1,725 $2.55 $1,159 $1.68
2x1 103 $753 $0.80 $1,852 $2.09 $1,230 $1.38
2x2 107 $1,005 $0.85 $2,219 $1.98 $1,407 $1.40
3x2 78 $1,114 $0.92 $2,320 $1.78 $1,627 $1.37
Northeast 39 $695 $1.40 $5,168 $5.12 $1,565 $2.32
Studio 28 $825 $1.63 $1,737 $4.73 $1,214 $2.55
1x1 37 $1,063 $1,48 $2,554 $4,21 $1,511 $2.32
2x1 18 $1,489 $1.52 $2,491 $2.90 $1,671 $1.98
2x2 18 $1,636 $1.51 $3,404 $2.83 $2,149 $2.08
3x2 4 $1,618 $1.52 $4,651 $2.93 $2,491 $2.05
PORTLAND MARKET REPORT
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HISTORICAL RENTAL DATA
Area 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Downtown/Pearl
Average Rent $1,311 $1,331 $1,367 $1,439 $1,471 $1,574 $1,726 $1,804 $1,770 $1,712
Average $/SF $1.77 $1.80 $1.86 $1.96 $2.03 $2.16 $2.36 $2.46 $2.42 $2.42
North Portland
Average Rent $1,003 $1,014 $1,088 $1,133 $1,159 $1,238 $1,493 $1,590 $1,584 $1,585
Average $/SF $1.22 $1.26 $1.33 $1.37 $1.48 $1.59 $1.94 $2.11 $2.10 $2.12
Vancouver East
Average Rent $795 $805 $835 $863 $906 $976 $1,100 $1,199 $1,267 $1,286
Average $/SF $0.84 $0.85 $0.86 $0.91 $0.96 $1.03 $1.17 $1.27 $1.34 $1.36
Vancouver West
Average Rent $770 $755 $782 $803 $837 $915 $1,019 $1,126 $1,188 $1,241
Average $/SF $0.82 $0.81 $0.83 $0.87 $0.91 $0.98 $1.10 $1.21 $1.27 $1.33
Northeast
Average Rent $1,133 $1,066 $1,100 $1,146 $1,154 $1,282 $1,482 $1,574 $1,568 $1,565
Average $/SF $1.42 $1.38 $1.47 $1.54 $1.64 $1.90 $2.19 $2.34 $2.30 $2.32
PORTLAND MARKET REPORT
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HISTORICAL RENTAL DATA
Area 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
East Portland
Average Rent $729 $735 $750 $779 $810 $867 $969 $1,099 $1,157 $1,186
Average $/SF $0.85 $0.85 $0.87 $0.90 $0.93 $1.00 $1.15 $1.28 $1.35 $1.38
Southeast
Average Rent $870 $860 $898 $948 $1,008 $1,073 $1,179 $1,320 $1,364 $1,386
Average $/SF $3.15 $3.12 $2.94 $3.18 $3.28 $3.27 $3.87 $4.60 $4.54 $4.44
Southwest
Average Rent $825 $817 $847 $890 $941 $1,054 $1,171 $1,294 $1,332 $1,342
Average $/SF $0.91 $0.91 $0.94 $0.99 $1.05 $1.17 $1.30 $1.43 $1.47 $1.48
Northwest
Average Rent $885 $842 $879 $910 $968 $1,036 $1,160 $1,300 $1,407 $1,436
Average $/SF $1.09 $1.05 $1.10 $1.15 $1.22 $1.31 $1.46 $1.62 $1.78 $1.83
Central Northeast
Average Rent $861 $844 $855 $932 $974 $1,072 $1,210 $1,292 $1,281 $1,294
Average $/SF $1.10 $1.09 $1.13 $1.21 $1.27 $1.50 $1.73 $1.92 $1.94 $1.96
PORTLAND MARKET REPORT
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PROJECTED RENTAL DATA
Rent Projection Year 1 Year 2 Year 3 Year 4 Year 5 Year 10
Vancouver West
Average Rent $1,247 $1,275 $1,311 $1,351 $1,389 $1,600
Year over Year Rent Change 2.0% 2.0% 3.0% 3.0% 3.0% 3.0%
Vancouver East
Average Rent $1,304 $1,333 $1,369 $1,410 $1,448 $1,662
Year over Year Rent Change 2.0% 2.0% 3.0% 3.0% 3.0% 3.0%
East Portland
Average Rent $1,242 $1,274 $1,313 $1,357 $1,399 $1,630
Year over Year Rent Change 2.0% 3.0% 3.0% 3.0% 3.0% 3.0%
Southeast
Average Rent $1,806 $1,838 $1,877 $1,920 $1,962 $2,191
Year over Year Rent Change 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Downtown/Pearl
Average Rent $1,747 $1,771 $1,802 $1,836 $1,868 $2,047
Year over Year Rent Change 1.0% 1.0% 2.0% 2.0% 2.0% 2.0%
PORTLAND MARKET REPORT
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PROJECTED RENTAL DATA
Rent Projection Year 1 Year 2 Year 3 Year 4 Year 5 Year 10
Northeast
Average Rent $1,586 $1,610 $1,641 $1,659 $1,709 $1,890
Year over Year Rent Change 1.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Central Northeast
Average Rent $1,244 $1,266 $1,293 $1,330 $1,352 $1,511
Year over Year Rent Change 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Southeast
Average Rent $1,367 $1,394 $1,431 $1,471 $1,511 $1,727
Year over Year Rent Change 2.0% 2.0% 3.0% 3.0% 3.0% 3.0%
Southwest
Average Rent $1,306 $1,336 $13,73 $1,413 $1,452 $1,666
Year over Year Rent Change 2.0% 2.0% 3.0% 3.0% 3.0% 3.0%
Northwest
Average Rent $1,424 $1,453 $1,490 $1,530 $1,569 $1,784
Year over Year Rent Change 2.0% 2.0% 3.0% 3.0% 3.0% 3.0%
PORTLAND MARKET REPORT
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PORTLAND MSA - EMPLOYERS AND ECONOMY
The Portland area, long a major timber hub and river port, is also now known as “Silicon Forest” for its large concentration of software, technology, and engi-
neering jobs. The largest employer in the metro area is Intel with 20,000 workers primarily located in the northwestern suburbs of Washington county. Intel’s
presence also makes the area a major hub for other computer hardware and semiconductor companies. These include Qorvo in Hillsboro with 1,000 employees
and WaferTech in Camas, WA with 1,100. Many other software and technology companies have also opened satellite design and engineering offices in Portland
including Amazon, Facebook, Google, and Airbnb. Renewable energy technology has also proven to be a center of growth in Portland with global wind tur-
bine company Vestas having its US headquarters in Portland with 600 employees and solar panel manufacturer SolarWorld located in Hillsboro with 750 work-
ers.
Healthcare and life sciences represent another large sector of Portland’s economy. Providence Health and Services—the region’s second-largest employer with
17,543 employees—is a major hospital and healthcare compa-
ny operating throughout the western United States. Oregon
Health and Science University (16,200 workers) is a major
hospital and research institution located in downtown Port-
land. Legacy Health (12,955 employees) is a local non-profit
hospital network headquartered in northwest Portland. The
Oregon division of Kaiser Permanente, a hospital network
and managed care provider, is located in downtown Portland
and employs 12,400.
Manufacturing and industry continue to have a large presence
in the Portland area with the North American headquarters of
Daimler Trucks (2,800 workers), Precision Castparts
(3,300), and Schnitzer Steel (3,200) all located in Portland.
The global headquarters of Nike is in Beaverton with 12,000
workers, primarily in business operations and R&D. Adidas
also maintains a presence with 1,000 employees in Portland.
As demonstrated by the map on the next page, many of the
major employers and commercial centers in the Portland met-
ro area are easily accessible by the robust TriMet public trans-
portation system.
Nike Headquarters Located in Beaverton
PORTLAND MARKET REPORT
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PORTLAND MSA - PRIMARY EMPLOYERS AND LIGHT RAIL LINES
PORTLAND MARKET REPORT
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PORTLAND MSA - PUBLIC TRANSPORT AND LIFESTYLE
PUBLIC TRANSIT
One of Portland’s most desirable features as a place to live is its well built out network of public transportation.
The backbone of this system is the MAX light rail network, which operates five light rail lines (Blue, Green, Or-
ange, Red, and Yellow) that link suburbs throughout the area to the city core; a heavy commuter rail line connect-
ing the far southwestern suburbs with the MAX lines; three streetcar lines within Portland; and a robust bus system
with regular and express services. While currently on hold, discussions are underway to expand the MAX yellow
line into Vancouver, WA upon replacement of the Columbia River Interstate 5 crossing.
Another major expansion is planned for the red line, giving the communities around Hillsboro and Beaverton di-
rect access to Portland International Airport. As demonstrated by the map on the previous page, this system allows
workers to live almost anywhere within the Portland area and reach most of the major area employers without
needing to commute by car.
The region also has a very well developed network of dedicated bike lane infrastructure. Pictured here is a section
of the network connecting core Portland neighborhoods with downtown, but the system extends throughout the
metro area and integrates with the TriMet system via rentable bike lockers at stations and park and rides.
LIFESTYLE
A major draw for new residents moving to Portland is the eclectic lifestyle available and easy proximity to many outdoor activities. The city of Portland has a
bustling food and nightlife scene, particularly in the neighborhoods surrounding Hawthorne Blvd and the Southeast neighborhood and Downtown/Pearl Dis-
trict. Portland city has an extensive network of bike trails and urban parks, most notably Forest Park directly northwest of downtown which is the largest urban
forest in the nation. Mount Hood and its surrounding national forest land, located roughly 2 hours by car from downtown Portland, offers skiing, hiking, and
camping opportunities. The Columbia river offers rafting, boating, and fishing. Also within a 2 hour drive of the area is the Oregon coast, also offering many re-
sorts and outdoor recreation options.
PORTLAND MARKET REPORT
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MEDIAN HOUSEHOLD INCOME
PORTLAND MARKET REPORT
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50+ UNIT MULTIFAMILY PROPERTIES - PROPERTY SIZE
Properties By Total Units
50-99 488 Properties (46.5%)
100-199 332 Properties (31.7%)
200-399 201 Properties (19.2%)
400+ 27 Properties (2.6%)
PORTLAND MARKET REPORT
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50+ UNIT MULTIFAMILY PROPERTIES - YEAR BUILT
Properties By Year Built
1900 - 1959 55 Properties (5.2%)
1960 - 1969 75 Properties (7.2%)
1970 - 1979 190 Properties (18.1%)
1980 - 1989 153 Properties (14.6%)
1990 - 1999 247 Properties (23.6%)
2000 - 2009 146 Properties (13.9%)
2010 + 182 Properties (17.4%)
PORTLAND MARKET REPORT
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50+ UNIT MULTIFAMILY PROPERTIES - DEVELOPMENT PIPELINE
New Development Pipeline
Planned 63 Properties
Prospective 71 Properties
Under Construction 63 Properties
PORTLAND MARKET REPORT
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2017 MULTIFAMILY SALES BY AREA - 50+ UNITS
Area Total Transactions Average Unit Count Average Year Built Average Transaction
Price Average Price/Unit
Downtown/Pearl 9 117 2002 $31,881,000 $286,758
North Portland 2 81 2015 $14,000,000 $245,614
Vancouver East 1 166 1987 $27,100,000 $163,253
Vancouver West 3 168 1992 $23,612,000 $140,547
Northeast 4 135 1991 $21,549,900 $159,628
East/Gresham 5 127 1997 $24,720,000 $187,429
Southeast 6 126 1993 $23,454,000 $186,142
Northwest 5 285 2001 $66,056,300 $231,776
Southwest 7 173 1989 $36,085,800 $288,588
Portland Metro 42 153 1997 $32,437,000 $212,006
PORTLAND MARKET REPORT
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• Demographics
• Bureau of Economic Analysis: http://www.bea.gov/
• US Census: http://quickfacts.census.gov/
• Area Vibes: http://www.areavibes.com/
• Rental Data
• Yardi Matrix: https://matrix.pi-ei.com/home
• Dupre and Scott: http://www.duprescott.com/
• Sales/CAP Rates
• Commercial Brokers Association: http://www.commercialmls.com/
• Yardi Matrix: https://matrix.pi-ei.com/home
• Largest Employers
• US Bureau of Labor Statistics: http://www.bls.gov/
• CareerOneStop.org: http://bit.ly/1vs8UUB
Seattle
7525 SE 24th Street, Suite 665
Mercer Island, WA 98040
Portland
111 SW 5th Avenue, Suite 3150
Portland, OR 97204
SOURCES & CONTACT INFORMATION
For further information, please contact
one of our Senior Team Members of our
Multifamily Group:
Robert Parmar
Principal Broker of Oregon
541-292-9977
Ryan Kidwell
Managing Broker of Washington
425-260-6286