Matrix Multifamily Portland Report-October 2022

Portland’s Summer Points to Fall Moderation

Rent growth in Portland moderated to 0.6 percent on a T3 basis through August, on par with the U.S. rate. At $1,759, the average rate in the metro is slightly ahead of the national figure. Construction activity remained high, but deliveries softened, as did transactions, with the debt markets navigating rising interest rates and inflation.

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