Portland’s multifamily market growth slows in Q2 2017, opening the door for more property improvements

Compared to record sales and frenetic activity levels in 2015 and 2016, Portland’s multifamily market was more subdued in Q2 2017, according to Collier International’s Q2 report on Portland’s multifamily market status.

Rent growth rates are cooling off as more multifamily units become available in Portland. With over 8,300 units under construction in Q2 of 2017, property owners are looking for ways to maintain a competitive edge. Comprehensive retrofits and remodels are becoming an increasingly worthy investment for property owners who want to stay relevant in a dynamic market.

This opens up opportunities for Energy Trust Multifamily trade allies who can help owners identify energy efficiency improvements to make their rental properties more competitive. Trade allies can also assist with Energy Trust incentives to reduce the cost of retrofits, making them an even more attractive investment.

For more information about Multifamily incentives contact Nate Collins, trade ally coordinator, at 503.278.3075.