Matrix Multifamily Portland Report-Octorber 2024 October 24, 2024

Portland’s Upward Momentum

Advertised asking rents in Portland were up 0.4 percent on a T3 basis, to $1,775, 30 bps above the national average. The metro’s supply pipeline represented 2.8 percent of existing stock, 110 basis points higher than the U.S. rate of completions.