HFO Multifamily Marketwatch for Oregon and SW Washington

This episode offers the very latest on bills at play in the Washington State Legislature. Bills need to be moved out of their house of origin by 5 pm Wednesday, March 8th.

The big stories from this past week:

• Multifamily is evolving in 2023
• Portland requires mixed-use use buildings to have EV charging
• Transforming office to Multifamily

Controversial legislation heats up in the Washington State legislature; a roundup of announced multifamily projects; plus the latest on Portland's EV charging mandate.

This week, HFO Investment Real Estate's research analysts dig into:

• Investing in multifamily in 2023
• Multifamily housing rents flat in January, developers remain optimistic
• Transforming multifamily properties for an aging population

Highlights of bills currently pending in the Washington State Legislature and their impact on multifamily owners and developers are featured.

This week, HFO Investment Real Estate's research analysts dig into:

• Apartment sales volume drops 17% in 2022
• Will multifamily have a soft landing in 2023?
• Multifamily starts up in 2022 to highest levels the since '80s
• Labor, material, and land prices may ease in 2023

This week:

• MBA Projects Drop in Multifamily Mortgage Financing in 2023, Strong Rebound in 2024
• Fourth-Quarter Property Sales Post Worst Slowdown Since the Great Recession
• Despite Interest Rates, Multifamily Lending Continued to Grow in 2022

This week: Leasing remains soft, as rents continue to fall, small signs point to increasing delinquency rates, and apartment transactions are falling.

HFO founding partner and broker Greg Frick talks to Andrea Bell, executive director of Oregon Housing & Community Services (OHCS), about the agency's 2023 legislative agenda and the "audacious and appropriate" proposed budget that is the largest request in OHCS history.