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Portland multifamily development surging

  • ​After years of under-supply, developers of multifamily apartments have stepped into high gear with the most development seen in more than 17 years.
  • There are currently 8,378 units under construction, with over 6,900 units expected to deliver in 2017. That’s 2,700 units more than the average of the previous 3 years.
  • The largest developments in the metro area are Amberglen West, Conway Block 294/295 and Modera Pearl, which together will deliver over 1,000 new units to the market.
  • On top of the current construction, another 11,139 units have received permitting and are planned to come online in the next few years, bringing much needed supply to Portland’s rental housing market.

Source: JLL Research​

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