{"id":10553,"date":"2026-03-02T06:38:00","date_gmt":"2026-03-02T06:38:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=10553"},"modified":"2026-07-06T06:44:30","modified_gmt":"2026-07-06T06:44:30","slug":"portland-multifamily-market-report-february-2026","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-february-2026\/","title":{"rendered":"Portland Multifamily Market Report \u2013 February 2026"},"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>Softening Fundamentals Across the Metro<\/h2>\n<p>Portland\u2019s average advertised asking rent dropped 0.6% on a trailing three-month basis, as of December 2025, reaching $1,727. Meanwhile, the national rate declined by only half that amount, sliding to $1,737. Metro Portland&#8217;s occupancy rate for stabilized assets clocked in at 95.0% in November, or 40 basis points above the U.S. average, as noted in the <a href=\"\/blog\/national-multifamily-market-report\/\" rel=\"\"><strong>national multifamily report<\/strong><\/a>.<\/p>\n<p><iframe id=\"datawrapper-chart-XG0As\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Portland vs. National Rent Growth\" src=\"https:\/\/datawrapper.dwcdn.net\/XG0As\/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>As of November, Portland unemployment stood at 4.8%, accord\u0002ing to preliminary data from the Bureau of Labor Statistics. Job growth was limited to just four sectors, and those increases were not enough to offset wider employment declines, leading to a net loss of 7,200 positions. Despite economic uncertainty, several developments were underway in Portland. Among these projects was the I-205 Abernethy Bridge improvement, which includes making the bridge earthquake-ready and adding walking and biking paths. The $672 million project is scheduled for completion at the end of the year.<\/p>\n<p><iframe id=\"datawrapper-chart-97nav\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Portland Employment Share by Sector\" src=\"https:\/\/datawrapper.dwcdn.net\/97nav\/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>In 2025, developers added more than 5,800 units to the metro\u2019s inventory and had close to 4,400 units underway as of December. The majority of recent deliveries and projects underway target the Lifestyle segment. Transaction activity remained steady, as the metro recorded $1.2 billion in deals in the past year. That was a little short of the $1.4 billion recorded in 2024.<\/p>\n<p>Read the full Yardi Matrix Portland Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/8384-MatrixMultifamilyPortlandReport-February2026\" rel=\"\"><strong>February 2026<\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Softening Fundamentals Across the Metro Portland\u2019s average advertised asking rent dropped 0.6% on a trailing three-month basis, as of December 2025, reaching $1,727. Meanwhile, the national rate declined by only half that amount, sliding to $1,737. Metro Portland&#8217;s occupancy rate for stabilized assets clocked in at 95.0% in November, or 40 basis points above the [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":10090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[519,458],"class_list":["post-10553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2026","tag-portland"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Portland Multifamily Market Report \u2013 February 2026 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Portland closed out 2025 with advertised asking rents falling 0.6 percent on a T3 basis, a deeper drop than the national contraction.\" \/>\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-february-2026\/\" \/>\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 February 2026\" \/>\n<meta property=\"og:description\" content=\"Portland closed out 2025 with advertised asking rents falling 0.6 percent on a T3 basis, a deeper drop than the national contraction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-february-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-02T06:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-06T06:44:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2025\/11\/Portland-iStock-2255912693-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 February 2026 - 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