Matrix Multifamily Portland Report-February 2026 February 25, 2026

Rent decline persists in Portland

Portland closed out 2025 with advertised asking rents falling 0.6 percent on a T3 basis, a deeper drop than the 0.3 percent national contraction. The metro also grappled with a weakening job market, but continued to support a sizeable pipeline of 4,400 units under construction and maintained investment momentum.