Portland has the second lowest apartment vacancy rate in the nation — tied with Minneapolis at 2.5 percent and only behind New York City. This pent-up demand for rental units and more favorable lending practices have resulted in increased construction of multi-family housing, especially in inner neighborhoods.
Many new apartment projects along main street corridors and in certain commercial districts do not provide off-street parking spaces, which has raised concerns among neighbors and business owners about parking congestion. To better understand the extent of potential impacts from these developments, the City has conducted several studies:
- Parking and Travel Behavior Study – Survey residents of eight existing infill projects in inner Portland, performed vehicle counts, to determine the current extent of parking demand around these buildings.
- Development/Rental Costs of Providing Parking vs. No Parking – Evaluate the cost of providing onsite parking for infill apartments and affordability of rental units.
- TriMet Service Review – Check the frequency of transit service in 2007 against existing service levels to determine what, if any, frequent service level routes have changed and which are vulnerable to cuts.
The results of the studies and analyses can be viewed at http://www.portlandoregon.gov/bps/article/420179. The Planning and Sustainability Commission will host a public forum on this issue on November 13, 2012 from 1:30-3:30 p.m. For more information, contact 503-823-2834.