1. Who are the notable developers and investors responsible for the units under development and coming lone?
2. From market-rate to luxury developments, what amenities can developers offer tenants to distinguish themselves and their property?
3. What are some development and design trends exhibited across projects and the city?
4. How will the November 2018 vote on the $652.8 million bond affect change and when can residents expect to see said change?
|7:30 AM - 8:30 AM||
Coffee, Breakfast, & Networking
|8:30 AM - 8:45 AM||
Keynote Address: Homer Williams, Williams & Dame
The state of Portland multifamily development and housing
|8:45 AM - 9:30 AM||
Asset Class Update: The State of Housing
Development, design, construction, and legislation across Portland
|9:30 AM - 10:15 AM||
Multifamily Finance & Investment Update
Who's building & who's buying? Why & how?
|10:15 AM - 10:30 AM||
614 Southwest 11th Avenue
Portland, OR 97205
Ballroom: Governor Ballroom, 4th Floor
Hotel Valet $25.00 up to 4 hrs
*Based Upon Availability*
Smart Park Garage (10th and Morrison): $7.00 Half Day | $14 Full Day Parking
*Pricing Subject to Change*
The City of Roses is in the midst of a modern heyday by most metrics. Of the 100 largest metro areas in the U.S., Portland was among the top five in growth from 2007 to 2017. Additionally, household income averages across the state reached the 16th-highest in the country in 2017. In Portland’s Central City District, there are 48 construction projects underway worth approximately $1 billion (according to a May 2018 PBA Report).
All of that said, there are also warning signs. Affordable housing is lacking across the country and is particularly acute in fast-growing metro areas, such as Portland. Since 2011, the average rent for a two-bedroom apartment in the city is up more than 50 percent (according to data collected by Multifamily NW).
On the affordability front, residents in Multnomah, Clackamas, and Washington counties voted (in November 2018) to approve a $652.8 million bond measure and funding allowances to create or preserve up to 12,000 affordable-housing units.
However it is not all worrisome. An increase in population growth coupled with a push for affordable housing will likely yield positive results. According to CoStar, in the first half of 2018, more than 3,000 new market-rate apartment units delivered across Portland. Additionally, CoStar lists 11,044 market-rate units in 117 apartment communities presently underway.
For more information contact Portland Event Producer Matt Seukunian (firstname.lastname@example.org)