Apartment Rents and Locations in Portland, Oregon: 1992 â€“ 2002
This research examines changes in the apartment-rent gradient of Portland, Oregon from 1992 to 2002. The findings indicate that increased population growth has caused real increases in apartment rents across the metropolitan area. The largest increases have occurred closer to the city center and at the beltway. The fixed supply of land coupled with increasing population has resulted in a wealth transfer from renters to landlords. Major freeway intersections, which ten years before were just evolving into new urban sub-centers, now have a statistically significant impact on land values within a six-mile radius of the intersection.
Volume (Year): 29 (2007)
Issue (Month): 2 ()
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- G. Donald Jud & John D. Benjamin & G. Stacy Sirmans, 1996. "What Do We Know about Apartments and Their Markets?," Journal of Real Estate Research, American Real Estate Society, vol. 11(3), pages 243-258.
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- Emily Norman Zietz, 2003. "Multifamily Housing: A Review of Theory and Evidence," Journal of Real Estate Research, American Real Estate Society, vol. 25(2), pages 185-244.
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- Stephen Malpezzi, 1994. "Housing Prices, Externalities, and Regulation in U.S. Metropolitan Areas," Wisconsin-Madison CULER working papers 94-08, University of Wisconsin Center for Urban Land Economic Research.
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University of California Transportation Center, Working Papers
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