Analyst: Rent prices on the rise in Portland

An analyst with the CoStar Group said rent prices are starting to go up in areas like downtown Portland, The Pearl and Northwest.

PORTLAND, Ore. — The pandemic had a big impact on rent prices in 2020. They dropped significantly in places like downtown Portland, The Pearl and Northwest. Now, since bars, restaurants and other businesses are starting to reopen, rent prices are going up again, according to analyst John Gillem with the CoStar Group

“We are looking at a 1% increase since pre-pandemic levels,” Gillem said. “So, rents are starting to really trend up.”

As an analyst with the CoStar Group, Gillem studies

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