Q4 2025 Portland Multifamily Figures Report

Market Overview

The Portland multifamily market showed remarkable resilience through the end of 2025, characterized by a tightening vacancy rate that dropped to 5.1% amid steady demand. Net absorption remained positive as the region successfully integrated new supply, even as the construction pipeline began to thin out compared to previous years. This supply-side pressure has supported modest rent growth and a stabilizing investment landscape, positioning the metro area for continued performance improvements. Download the full report for a detailed breakdown of these regional trends.

About CBRE

CBRE Group, Inc. is a Fortune 500 and S&P 500 company headquartered in Dallas and is the world’s largest commercial real estate services and investment firm. The company serves a diverse range of clients with an integrated suite of services including facilities, transaction and project management, property management, investment management, and appraisal and valuation. CBRE’s market research provides deep data-driven insights that allow investors and occupiers to make informed decisions within the rapidly evolving multifamily sector.To read the full report, click here.