Low occupancy rates among Portland’s new condo developments are increasing the pressure for many developers. As a result prices have started to drop in recent months. Most new construction condos are now discounted by 10-15% and developers are more likely to entertain aggressive offers. Click here to find out more about occupancy levels and price drops at places like The Encore, John Ross, Pacifica and more.
This may be the case for now but there are a projected one million new people headed to Portland over the next 20 years and most of them probably want to live within the city!