Portland is the 31st largest multifamily market with 173,393 completed units and 39,298 units in development, 10,823 of which have already broken ground, as of September 2022.
Portland Multifamily Market Summary – September 2022
New lease asking rents are at $1,755, up 8.0%▲
from the previous year placing Portland at 83rd
overall in year-over-year rent growth.
Portland Multifamily Market Summary – August 2022
New lease asking rents are at $1,759, up 9.9%▲
from the previous year placing Portland at 65th
overall in year-over-year rent growth.
Portland Multifamily Market Summary – July 2022
New lease asking rents are at $1,761, up 12%▲
from the previous year placing Portland at 54th
overall in year-over-year rent growth.
Portland Multifamily Market Summary – June 2022
New lease asking rents are at $1,750, up 13.5%▲
from the previous year placing Portland at 43rd
overall in year-over-year rent growth.
Portland Multifamily Market Summary – May 2022
New lease asking rents are at $1,717, up 13%▲
from the previous year placing Portland at 52nd
overall in year-over-year rent growth.
Portland Multifamily Market Summary – April 2022
New lease asking rents are at $1,690, up 13%▲
from the previous year placing Portland at 53rd
overall in year-over-year rent growth.
Portland Multifamily Market Summary – March 2022
New lease asking rents are at $1,674, up 13.3%▲
from the previous year placing Portland at 52nd
overall in year-over-year rent growth.
Portland Multifamily Market Summary – February 2022
New lease asking rents are at $1,657, up 13.9%▲
from the previous year placing Portland at 48th
overall in year-over-year rent growth.
Portland Multifamily Market Summary – January 2022
New lease asking rents are at $1,653, up 13.8%▲
from the previous year placing Portland at 47th
overall in year-over-year rent growth.
Portland Multifamily Market Summary – December 2021
New lease asking rents are at $1,635, up 12.8%▲
from the previous year placing Portland at 46th
overall in year-over-year rent growth.
