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Portland, Oregon: A City in Transformation
Portland, Oregon is experiencing significant real estate development activity, with several major projects shaping the city. The new developments are community-oriented and expected to have a positive impact on the region, increasing access to transit, boosting job opportunities, and helping address affordable housing shortages.
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The Outlook: Residential Development in Portland and San Francisco
West Coast Development Updates: Cap rates, interest rates, and construction costs are on the rise, and these economic trends have impacted developers’ willingness to push ahead on projects this year. However, despite market headwinds, exciting affordable and luxury residential projects are slated to commence in 2024, bringing new options to Portland’s residential market and offering…
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Portland Real Estate: Positive Trends Ease Inclusionary Zoning Worries
What’s New in Portland: Since its inception in February 2017, Inclusionary Zoning regulations in the Portland Metropolitan have significantly impacted developers’ ability to pencil projects. However, an uptick in major developments in Portland and surrounding tertiary markets provides hope that the hurdles placed by this legislature may be easier to clear than once assumed. Here…
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Portland Commercial Real Estate News: Multifamily Development Underway
To meet Portland’s growing housing needs, several existing multifamily projects are in the works. With increasing rent prices, there is also a need for more affordable housing units. The city is working to accommodate the demand.