Rental fees in apartments in portland or have taken a drastic jump since 2010, more than 41%, to $1,242, according to a local real estate firm. Back in 2013, a Seattle developer purchased a plot at Northwest Thurman Street and raised a five-story building with 54 units. The units are typically very tiny, some the size of a college dorm room. These “micro-units”, as they are commonly called, are averaging about 250 square feet and may go for $995 or more each month.
These micro-units, hipster hovels, units, as the natives call them, are part of the real estate gold rush, and as a result, there are now hundreds of these apartments in Portland OR proper and is helping to propel housing costs to go through the roof.
Last January, a new 165 unit, four story apartment complex was raised in t...Read More