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Eugene-Springfield, Oregon

Eugene, Oregon apartment complexes that have been built since 2012 with high amenities are achieving some of the nation’s highest occupancy levels exceeding 98%. This submarket also has some of the highest multifamily rent per square foot and is located within 2 miles from the University of Oregon. This success has been fueled by the university's consistent enrollment – 24,548 students, and the rising price of Eugene/Springfield single family homes. Furthermore this submarket has been on the rise due to an increasing number of affluent foreign students and young urban professionals willing to pay top-dollar rents to live in higher-amenity apartment complexes close to top-notch restaurants and stores.  

Chase Crossing Apartments built in 2012 is about 2 miles from the University of Oregon, is on a major bus line to campus, has 179 units occupied with about 65% students and 35% young professionals.  The complex is comprised of all 60% studios and 40% one bedroom units. Rents go up to $795 for a studio apartment and $915 for a one bedroom. Amenities include balconies, granite counter tops, stainless steel appliances, washer and dryers, a swimming pool and a workout/fitness room. The high-amenity Uncommon Apartments built in 2014 – close to downtown and about a quarter mile from campus -- has studios that go up to $1295. Park Place Apartments has studios at up to $925, one bedrooms up to $1298, and two-bedroom units up to $1650. Older Eugene apartment complexes much further from campus, and those located in Springfield, are seeing only a moderate increase in rents in 2014.  

This Eugene apartment submarket within a radius of 2 miles from campus still has a lack of single-occupancy units for students with studio apartments representing only 4% of the total units available and one bedroom apartments representing less than 10%. At Apartment Loan Store we provided the construction and permanent financing for Chase Crossing Apartments and Garden Way Apartments, both helping to fill this niche for single-occupancy units.  Since 1997 we have specialized in student housing loans as well as Fannie Mae, Freddie Mac, HUD, CMBS and conventional multifamily financing. 

 

 

Other Cities in Oregon served by Apartment Loan Store

  • Portland
  • Salem
  • Bend
  • Beaverton
  • Eugene
  • Gresham
  • Medford
  • Lake Oswego
  • Hillsboro
  • Springfield
  • Corvallis
  • Albany
  • Tigard
  • ​Keizer
  • Grants Pass
  • McMinnville
  • ​Oregon City
  • Redmond
  • Tualatin
  • West Linn
  • Woodburn
  • Newberg
  • ​Roseburg
  • Forest Grove
  • Klamath Falls
  • Milwaukie
  • ​Ashland