{"id":3754275,"date":"2019-12-17T12:50:58","date_gmt":"2019-12-17T17:50:58","guid":{"rendered":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/?p=3754275"},"modified":"2019-12-17T12:52:07","modified_gmt":"2019-12-17T17:52:07","slug":"smart-investing-in-portlands-luxury-multi-family-developments","status":"publish","type":"post","link":"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/smart-investing-in-portlands-luxury-multi-family-developments\/","title":{"rendered":"Smart Investing in Portland\u2019s Luxury Multi-Family Developments"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-3754277\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Montessa-1.jpg\" alt=\"\" width=\"1024\" height=\"707\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Montessa-1.jpg 1024w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Montessa-1-300x207.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Montessa-1-768x530.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><span class=\"rtp-photo-credit\">Photo Credit: LUXE Christie\u2019s International<\/span><\/p>\n<p>The luxury multi-family housing market is booming in Portland, Oregon. The region\u2019s stable economy driven by its diverse business climate plus current low-interest rates have given investors reason to take notice of the stylish, modern developments that are popping up around the area.<\/p>\n<p>Known for its outstanding arts and cultural offerings, beautiful parks, efficient mass transit, and bike- and pedestrian-friendly streets, Portland has become a hub for those interested in experiencing the quintessential Pacific Northwest lifestyle. Industry giants like Nike, Adidas, Oregon Health &amp; Science University, and Intel as well as the thriving entrepreneurial community are attracting new residents to the region in droves.<\/p>\n<p>\u201cWe\u2019re seeing people move to Portland just to see what it\u2019s all about,\u201d says Vince Cortese, Principal Broker and VP of Commercial &amp; Land Acquisition at LUXE Christie\u2019s International Real Estate. \u201cMany of the units in the new multi-family developments are trending smaller than traditional apartments. Micro-apartments, in the 200-300 sq. ft. range, and one- and two-bedroom units with 500-800 sq. ft. may have less square footage, but they are big in design, style, and functionality.\u201d<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-3754279\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-1-1.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-1-1.jpg 1024w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-1-1-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-1-1-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><span class=\"rtp-photo-credit\">Photo Credit: LUXE Christie\u2019s International<\/span><\/p>\n<p>Floor-to-ceiling windows, hardwood floors and kitchens with granite and high-end stainless steel appliances are standard in many of these luxury, eco-friendly buildings. Amenities often include stylish media rooms and lobbies for social gatherings, gyms, rooftop decks, and bike storage. As many residents are looking for an authentic urban living environment, location is key. Luxury apartments in Portland are located near mass transit and bike paths &#8211; and are often within walking distance of major business, restaurant, entertainment, and shopping districts.<\/p>\n<p>\u201cNot only is Portland a hot area right now for people looking to relocate, but it\u2019s also hot for investors too,\u201d explains Cortese. \u201cInterest rates are so low that it makes sense for investors to look at Portland\u2019s multi-family developments when seeking new assets for their portfolios. The need for more apartments in Portland, especially the high-end units that renters desire, has given developers and investors a real opportunity in the city.\u201d<\/p>\n<p>\u201cProperties like the Milano, which is a stylish collection of 60 units near the Portland Convention Center, or the Montessa, with 49 units in Portland\u2019s trendy Slabtown neighborhood, have upped the game for developers. These premier properties are exactly the type of apartment residences Portlanders are looking for &#8211; making them ideal for investors.\u201d<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-3754280\" src=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-2.jpg\" alt=\"\" width=\"1024\" height=\"683\" srcset=\"https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-2.jpg 1024w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-2-300x200.jpg 300w, https:\/\/newwebdev.wordpress-developer.us\/hauteresidence\/wp-content\/uploads\/2019\/12\/Milano-2-768x512.jpg 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><span class=\"rtp-photo-credit\">Photo Credit: LUXE Christie\u2019s International<\/span><\/p>\n<h4>For more information about investment or commercial properties in Portland or throughout Oregon, please contact Vince Cortese at 503-380-8570 or Vince@LuxeCIR.com.<\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The luxury multi-family housing market is booming in Portland, Oregon. The region\u2019s stable economy driven by its diverse business climate.<\/p>\n","protected":false},"author":134,"featured_media":3754277,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,750],"tags":[15816,1580,16409,1019,127,14237,16872,14604,109],"class_list":["post-3754275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-real-estate-talk","tag-haute-agent","tag-haute-residence","tag-luxe-christies-international","tag-luxury-property","tag-luxury-real-estate","tag-oregon","tag-oregon-luxury-real-estate","tag-oregon-real-estate","tag-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smart Investing in Portland\u2019s Luxury Multi-Family Developments<\/title>\n<meta name=\"description\" content=\"The luxury multi-family housing market is booming in Portland, Oregon. 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