Q: Why are renters upset, even protesting, about the Portland rental market and how does InterWest navigate those inquiries?
A: I think that they are frightened of the unknown. There have been large increases and complete evacuations of entire buildings. We try to keep communication open about costs going up and clarify our client’s real intentions. As aggressively as our rents have increased, we still have the lowest rents on the west coast. The market is beginning to cool based upon the new supply of rental units, just like the law of supply and demand always causes.