Martix Multifamily Portland Report-Fall 2021 October 20, 2021

Portland Rents Outperform

Rents inched up 2.0% on a T3 basis as of August, 30 basis points ahead of the national rate. The average Portland rent was $1,604, above the $1,539 U.S. average. Year-over-year, rents in the metro climbed 11.3% as of August.