Oregon Rents Drop
IncSmart Oregon (Small Business and Startups) - Portland Oregon rental fees have the largest decline in America.  The price of rent in Oregon has declined 2.5%.   Rents have been slowing for eight consecutive months.  There are 15,000 more apartments not in Portland than there were in 2015 when they were having a housing shortage.  With the job market so strong, developers have over built in the city, and they now face an urban construction boom.  

Portland has been inundated with a glut of luxury housing.  The slowing of rental rates are good news for Oregon renters.   Some Portland developers are now adding as much as 8 weeks free rent, and $1000 Amazon gift cards.  The Portland City Council is also asking for a 6 month moratorium on short term rentals.  Portland currently has a 300 unit cap with their short term rental ordinance.  
By IncSmart Staff Writer

Starting a Business in Oregon

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