Portland Metro Multifamily Market Report Q2 2025

Market Overview

Portland’s multifamily market strengthened in Q2 2025 with absorption reaching 2,611 units, significantly higher than Q1’s 1,002 units. Occupancy climbed to 95.5 percent, a notable increase quarter-over-quarter. Deliveries slowed sharply, with just 853 units completed—down 25 percent from Q1 2025 and 45 percent year-over-year. Sales activity also rebounded, rising approximately 35 percent compared to Q1.

About Colliers

Colliers is a global commercial real estate services firm headquartered in Toronto, operating in over 60 countries. The firm delivers comprehensive brokerage, capital markets, valuation, advisory, and research services. Colliers’ multifamily reports offer timely metrics and local insights to help investors, owners, and developers assess market fundamentals and make informed decisions.