{"id":10088,"date":"2025-11-05T14:41:00","date_gmt":"2025-11-05T14:41:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10088"},"modified":"2026-03-30T14:47:06","modified_gmt":"2026-03-30T14:47:06","slug":"portland-multifamily-market-report-october-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-october-2025\/","title":{"rendered":"Portland Multifamily Market Report \u2013 October 2025"},"content":{"rendered":"\n<p class=\"has-normal-font-size\">Read the latest Yardi Matrix <strong><a href=\"\/blog\/portland-multifamily-market-report\/\">Portland Multifamily Market Report<\/a><\/strong>.<\/p>\n\n\n<hr \/>\n<h2>Economy Slows, Asking Rents See Boost<\/h2>\n<p>Portland average advertised asking rents were up 0.1%, on a trailing three-month basis through August, keeping pace with the short-term national rate of growth. However, year-over-year, the average rate fell 0.7%, to $1,775, driven lower by a 140-basis-point drop in the upscale Lifestyle segment. Meanwhile, the overall national average increased 0.7%, to $1,755, as noted in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>U.S. multifamily report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-LV8YI\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Portland vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/LV8YI\/1\/\" height=\"326\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>The metro\u2019s unemployment rate stood at 5.1% as of July, according to data from the Bureau of Labor Statistics, settling significantly above the 4.2% national average. Greater Portland lost 5,700 net jobs during the 12 months ending in June, with just four sectors recording net jobs gains. Meanwhile, work resumed on the $2.1 billion Bull Run filtration facility in Multnomah County after a brief pause. The water treatment plant should be substantially completed by September 2027. And next to Sunnyside Medical Center, Kaiser Permanente is set to break ground on a 615,000-square-foot project in 2026.<\/p>\n<p><iframe id=\"datawrapper-chart-KXRxA\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Portland Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/KXRxA\/1\/\" height=\"417\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">window.addEventListener(\"message\",function(a){if(void 0!==a.data[\"datawrapper-height\"]){var e=document.querySelectorAll(\"iframe\");for(var t in a.data[\"datawrapper-height\"])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[\"datawrapper-height\"][t]+\"px\";r.style.height=d}}});<\/script><\/p>\n<p>Developers completed 3,676 units across the metro in 2026 through August and had another 5,721 units under construction going into the fall. Portland\u2019s development pipeline also includes more than 30,000 units in the planning and permitting stages. Meanwhile, investment is accelerating, with investors primarily eyeing higher quality Renter-by-Necessity stock. A total of $720 million in rental assets traded year-to-date through August.<\/p>\n<p>Read the full Yardi Matrix Portland Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/7942-MatrixMultifamilyPortlandReport-October2025\" rel=\"\"><strong>October 2025<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Economy Slows, Asking Rents See Boost Portland average advertised asking rents were up 0.1%, on a trailing three-month basis through August, keeping pace with the short-term national rate of growth. However, year-over-year, the average rate fell 0.7%, to $1,775, driven lower by a 140-basis-point drop in the upscale Lifestyle segment. Meanwhile, the overall national average [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":9623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[513,458,516],"class_list":["post-10088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2025","tag-portland","tag-yardi-matrix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portland Multifamily Market Report \u2013 October 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Portland\u2019s advertised asking rents were up 0.1 percent on a T3 basis through August, akin to the U.S. average, Yardi Matrix reports.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-october-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Portland Multifamily Market Report \u2013 October 2025\" \/>\n<meta property=\"og:description\" content=\"Portland\u2019s advertised asking rents were up 0.1 percent on a T3 basis through August, akin to the U.S. average, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-october-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-05T14:41:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-30T14:47:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/07\/Portland-iStock-2222882207-MHN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Agota Felhazi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Portland Multifamily Market Report \u2013 October 2025 - 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