You have a lot of people fleeing expensive places like SF, LA, and NYC to Portland and Austin. Those rents are still cheaper and you get the same city amenities

You have a lot of people fleeing expensive places like SF, LA, and NYC to Portland and Austin. Those rents are still cheaper and you get the same city amenities and some good places to work. So there's demand and until people see that it's not worth it to move there then it will probably continue to rise. Same with housing prices. I know people that were looking in both LA and Portland at the same time. They probably would've gone with Portland had there not been factors beyond money at play.