Though it has a population of more than half a million people, Portland is considered by many to be one of the nation's more laid-back cities. Located right near the Oregon-Washington border, Portland is a vibrant city where many residents are concerned with enjoying nature and being "green."
Stunning mountain views surround the city and provide locals the chance to enjoy a taste of both urban and rural environments. With its bevy of theaters, parks and other pleasant attractions, Portland offers a small-town feel in one of the country's most populous cities.
Also, Portland is home to the NBA's Trail Blazers, a number of microbreweries, numerous fine-dining establishments and some of the streetcars and tram cars in the country - all just a handful of reasons why many residents lease apartments in the city.
Portland has felt the effects of recent economic and housing woes just as much of the nation has endured since the recession began. However, property owners in the city have benefited substantially, as they have seen apartment occupancy rates skyrocket in the past few years. With demand for rental properties in Portland still high, prospective owners may want to invest in a multifamily residence soon.
Numerous Property Management Firms to Choose From in Portland
With many rental properties throughout the city, the market for rental property management firms is considerable, which is why so many are currently operating in Portland.
The city is primed to develop more multifamily properties in the coming years to accommodate the projected high number of residents looking to sign rental lease agreements instead of home sale contracts.
Portland Rental Market at a Glance
Rental Vacancy Rate, Q2 2011: 3.5 percent
Rental Vacancy Rate, Q1 2011: 4 percent
Rental Vacancy Rate, Q4 2010: 3.9 percent
Rental Vacancy Rate, Q3 2010: 4.8 percent
Rental Vacancy Rate, Q2 2010: 4.5 percent
Statistics courtesy of the U.S. Census Bureau.
Finding Portland Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
Sign up with All Property Management to choose from Portland's top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Portland to receive free quotes from.