Matrix Multifamily Portland Report-June 2025

Market Overview

Portland’s multifamily market posted modest improvement as of Q2 2025, with advertised asking rents rising 0.1 percent over the trailing three months to reach $1,759—ten basis points below the U.S. average. Developers added just 1,806 new units through April, accounting for only 0.9 percent of existing stock, while construction starts declined roughly 70 percent compared to the same period last year. These trends suggest a slowing in supply growth that could help support occupancy and rent fundamentals ahead.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate data and analytics across multifamily, affordable housing, student housing, office, industrial, and self-storage sectors. Their metro-level multifamily reports deliver timely insights on rent trends, occupancy, supply pipelines, and market fundamentals to inform strategic decision-making by investors, operators, and analysts.