Overall rent rates increased marginally since our Fall report, up only 1% to an average of $1.88 psf. Only four areas reported decreases (all less than 3%), with 16 areas reporting minor increases. This is somewhat surprising, given the prior predictions of rapidly increasing rates. There were some exceptions; Inner and Central NE Portland saw a 16% jump in rents which can be attributed to approximately 400 newer units being surveyed this time. Tigard/Tualatin, Clackamas and Outer SE Portland areas all reported increases in excess of 7%.