Q3 2025 Portland Multifamily Figures Report

Market Overview

‍The multifamily market in the Portland metro is entering a more balanced phase in Q3 2025. Absorption dropped to 345 units, the lowest since late 2023, while asking rent increased to approximately $1,782 per unit and occupancy held at 95.6 percent. Notably, the Vancouver submarket accounted for nearly half of all units absorbed, underscoring uneven demand dynamics across the metro.

‍About CBRE

‍CBRE is a global commercial real-estate advisory firm offering research, valuation, leasing, and capital-markets services. Their Q3 2025 Portland multifamily report combines detailed metro-level data on rent trends, occupancy, absorption, and the development pipeline to help owners, developers, and investors refine timing and strategic positioning. To read the full report, click here.