Anchor Employment Base: Columbia Memorial Hospital (750+ employees, $200M+ expansion), U.S. Coast Guard Air Station, Port of Astoria, and Clatsop Community College provide stable, year-round renter demand. Limited Supply Constraints: Constrained coastal geography, historic district regulations, and limited buildable land restrict new multifamily pipelines — protecting existing asset values. Tourism & Highway Connectivity: US-101 northern terminus (18–22K AADT) and US-30 Portland link drive hospitality employment and seasonal worker housing demand, supporting consistent occupancy. 44.3% Renter Household Rate: 36% above national average ~4% Rental Vacancy Rate: Well below 7%+ national avg ~9,900 City Population: County seat of Clatsop County $125.6M Annual Visitor Spending: Astoria & Warrenton combined