Portland Multifamily Market Overview

June 27th, 2019 by John Mullen

As Portland’s population continues to grow into the future, its multifamily market is actively answering the call for more housing. Currently, there are more than 9,700 units under construction in the city, a 69.3% increase over Q1 2018. In order to accommodate the large number of new employees that firms are hiring, Portland’s office market is also seeing growth in its amount of square footage under construction. High profile corporations such as Nike and Adidas are currently building expansion campuses which, combined, total over 1,125,000 million square feet. The growing multifamily and…

Seattle Multifamily Market Overview

June 27th, 2019 by John Mullen

Seattle possesses a strong multifamily housing market that has shown excellent growth in almost every conceivable category in terms of both long- and short-term lenses. As of Q1 2019, the city’s number of inventory units sits at 150,728 – an increase of approximately 7,800 since Q1 2018 and 29,500 since Q1 2015. In addition, rents have also seen growth, posting a modest 1.5% increase since Q1 2018, as well as a staggering 18.9% increase since Q1 2015. The city’s rents are expected to jump in the near future, too, with CoStar projecting the Q1 2020 market asking rent to be at $1,903, a 7.5…

Los Angeles Spotlight: Koreatown

February 21st, 2017 by John Mullen
Often described as "a city within a city", Koreatown is quintessential Los Angeles, a sprawling melting pot full of hidden delights.