February 3rd, 2021

So far, so fast.


'At Jan. 5 budget meeting for the city's Bureau of Development Services, economists advising the bureau on the outlook for new construction presented dismal news: Portland has gone from one of the most desirable locations in the country just four years ago to near the bottom of an 80-city ranking.

That ranking was compiled by the Urban Land Institute in a report titled "Emerging Trends in Real Estate 2021." It shows that a survey of more than 1,300 lenders, investors, developers and other national real estate experts found Portland the third-most desirable real estate market in the nation in 2017. For 2021, it now ranks 66th of 80 cities on the list ...'

The article explains that Portland's fall may be attributable to 'factors that include widely broadcast images of protests and nearby wildfires. It may be exacerbated by the documented flight of businesses from the city's core and factors such as the cost of property insurance rising 30% to 50% amid repeated vandalism.'