Navigating success for our clients since 1996
Tenant Portal
Client Login
info@compasscommercial.com
Property Mgmt. (541) 330-0025
Main (541) 383-2444
Compass Commercial Real Estate Services Bend OR
  • Property Search
    • Custom Search
    • All Listings
    • For Sale
    • For Lease
    • Featured Properties
    • Sold/Leased
  • Services
      • Brokerage
      • Sales
      • Leasing
      • Business Sales
      • Consulting
      • Experience
      • Case Studies
      • Brokerage Team
      • Asset & Property Management
      • What We Do
      • For Tenants
      • Find a Property Manager
      • Case Studies
      • Client Login
      • Tenant Portal
      • Construction Services
      • What We Do
      • Project Samples
      • Testimonials
      • Meet the Team
      • Ready to Chat?
      • 541-383-2444
      • info@compasscommercial.com
      • Send a Message
  • About
    • Experience
    • Vision
    • Core Values
    • Company Culture
    • Leadership
    • Community Involvement
    • Press Releases
    • Client Testimonials
  • Our Team
    • Partners
    • Brokers
    • Asset & Property Management
    • Construction Services
    • Marketing & Admin
    • Join the Team
  • Market Research
    • Quarterly Reports
    • Helpful Resources
    • Why Central Oregon
  • News
    • Blog
    • Subscribe
  • Contact
    • Client Login
    • Tenant Portal
    • Leave a Review
  • Property Search
    • Custom Search
    • All Listings
    • For Sale
    • For Lease
    • Featured Properties
    • Sold/Leased
  • Services
    • Brokerage
      • Brokerage
      • Sales
      • Leasing
      • Business Sales
      • Consulting
      • Experience
      • Case Studies
      • Brokerage Team
    • Asset & Property Management
      • Asset & Property Management
      • What We Do
      • For Tenants
      • Find a Property Manager
      • Case Studies
      • Client Login
      • Tenant Portal
    • Construction Services
      • Construction Services
      • What We Do
      • Project Samples
      • Testimonials
      • Meet the Team
    • Ready to Chat?
      • Ready to Chat?
      • 541-383-2444
      • info@compasscommercial.com
      • Send a Message
  • About
    • Experience
    • Vision
    • Core Values
    • Company Culture
    • Leadership
    • Community Involvement
    • Press Releases
    • Client Testimonials
  • Our Team
    • Partners
    • Brokers
    • Asset & Property Management
    • Construction Services
    • Marketing & Admin
    • Join the Team
  • Market Research
    • Quarterly Reports
    • Helpful Resources
    • Why Central Oregon
  • News
    • Blog
    • Subscribe
  • Contact
    • Client Login
    • Tenant Portal
    • Leave a Review

News

Home/Market Research/Central Oregon Multifamily News/Multifamily News: Vacancy Rate Stabilizes
Central Oregon Multifamily News

Multifamily News: Vacancy Rate Stabilizes

by Compass Commercialon 23 October 2018in Central Oregon Multifamily News

The following content is taken directly from the Central Oregon Multifamily News, Fall 2018 issue.

New apartment construction is making headway in the region-wide housing shortage and affordability problems.

The market is healthy and working.

There is more housing availability, and rent growth has slowed dramatically from the recent years of double digit increases.
New apartment construction in Bend has been modest but steady. Some West Coast markets, have seen an oversupply of new construction, driving up vacancies with long periods of lease up times for new buildings. Rent growth has declined in a few markets. So far, Bend has not experienced that, as new construction has been somewhat restrained by high costs, shortage of land, and regulatory burdens and costs.

Sales activity is modest. Buyer demand remains strong but is tempered by higher
interest rates and price resistance. Many owners are still reluctant to sell, largely due to tax considerations.

It is still a great seller’s market. We are always happy to provide free Broker Opinion of Values for your multifamily properties. We are well-versed in 1031 exchanging and can answer many of your questions regarding the 1031 exchange. We also provide consulting on preparing properties for sale. Ideally, this process should begin well before actually putting a property on the market.
Contact us early if you are thinking of selling!

Multifamily News, Fall 2018

Diagram of Vacancy Rate Stabilizes, Rent Growth Slows

 
The Central Oregon Multifamily News is published quarterly by brokers Ron Ross, CCIM and Terry O’Neil, CCIM.

To receive the email or mailer, contact Ron at 541-322-1230 | rross@compasscommercial.com or Terry 541-848-4060 | toneil@compasscommercial.com.

To find out about new multifamily listings, sign up for new listing alerts by going to: compasscommercial.com/mfnews.

Share this article
0
0
0
previous article

New Owner for Direct Business Center

next article

Compass Points® Q3 2018 Market Survey

Categories

  • Advisor Insights
    • Howard Friedman CCIM
    • Jay Lyons, SIOR, CCIM
    • KBND Interviews
    • Pat Kesgard, CCIM
    • Peter May, CCIM
    • Ron Ross, CCIM
    • Steve Toomey, CCIM
  • Client Solutions/Case Studies
    • Business Sales
    • Construction Services
    • Property Management
    • Retail & Restaurants
    • Sales/Leasing
  • Compass Commercial News
    • Awards & Lists
    • Press Releases
      • Business Sales
    • Transaction News
  • CRE Industry
  • Helpful Resources & Links
    • Community Resources
    • FAQ: Common CRE Questions
  • Investing in CRE
  • Local Economy & Community
    • Economic Development
  • Market Research
    • Central Oregon Multifamily News
    • Compass Points Market Report
  • Op Ed
  • Uncategorized

Get In Touch

  • 600 SW Columbia St., Suite 6100 Bend, OR 97702
  • 541-383-2444
  • info@compasscommercial.com
  • www.compasscommercial.com

Featured Properties

SOLD | Redmond Owner/User IndustrialSOLD | Bear Creek VillageLEASED | Medical Office for LeaseDowntown Sisters Development LandLEASED | The Bond BuildingSOLD | Cultus Lake ResortLake Creek LodgeLEASED | Redmond Airport Business Offices

Recent Posts

  • Central Oregon CRE January 2019 Transactions
    Posted 19 Feb 2019
    By Compass Commercial
  • Deschutes Pediatric Dentistry Office in Redmond
    Posted 14 Feb 2019
    By Compass Commercial
  • KBND: Best Performing Cities & Q4 Vacancy Rates
    Posted 8 Feb 2019
    By Compass Commercial

Recent Tweets

  • Did you hear? Deschutes Pediatric Dentistry opened a second office in Redmond, OR. Learn more here:… https://t.co/OEFmWCNvKI
    about 1 hour ago
  • City Releases Report on Phase One of Bend’s Transportation Plan Update https://t.co/zl00DyWCTe via @cascadebusnews #BendTransportation
    3 hours ago

© Copyright 2019 Compass Commercial. Digital Marketing Agency Credit.

Signup for News & Listing Alerts   |    Contact Us   |    (541) 383-2444