{"id":9055,"date":"2025-03-10T08:55:00","date_gmt":"2025-03-10T08:55:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=9055"},"modified":"2025-07-15T09:05:21","modified_gmt":"2025-07-15T09:05:21","slug":"portland-multifamily-market-report-february-2025","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-february-2025\/","title":{"rendered":"Portland Multifamily Market Report \u2013 February 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>Rents Down, Deliveries Pour In<\/h2>\n<p>Portland advertised asking rents were down 0.5% on a trailing three-month basis through December, to $1,743, as per the latest Yardi Matrix Portland multifamily market report. National rent movement was negative as well, with the U.S. average down 0.2%, to $1,742. The metro\u2019s occupancy rate was 95.1% as of November, still above the 94.7% U.S. figure, 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-B7WF0\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Portland vs. National Rent Growth  \" src=\"https:\/\/datawrapper.dwcdn.net\/B7WF0\/1\/\" height=\"329\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Interactive line chart\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";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}}}))}();<br \/>\n<\/script><\/p>\n<p>The metro\u2019s unemployment rate was 3.9% as of November, according to data from the Bureau of Labor Statistics. The figure was 20 basis points below the national average. Overall, Portland added 6,500 net jobs during the 12 months ending in November, even as five sectors lost a total of 10,500 jobs combined and one sector stood flat. The Interstate Bridge Replacement Program remained on track for construction to start by late 2025 or early 2026. The development secured $1.5 billion in federal funding that will partially cover the estimated $5 billion to $7.5 billion-dollar price tag. The project will improve the transportation infrastructure between Portland and Vancouver, Wash., and will include the addition of a new multimodal bridge.<\/p>\n<p><iframe id=\"datawrapper-chart-CADFg\" style=\"width: 0; min-width: 100% !important; border: none;\" title=\"Portland Employment Share by Sector \" src=\"https:\/\/datawrapper.dwcdn.net\/CADFg\/1\/\" height=\"433\" frameborder=\"0\" scrolling=\"no\" aria-label=\"Table\" data-external=\"1\"><\/iframe><script type=\"text\/javascript\">!function(){\"use strict\";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}}}))}();<br \/>\n<\/script><\/p>\n<p>In 2024, developers completed 7,365 units, marking the highest figure in at least 10 years. The development pipeline included 8,665 units under construction and 29,000 units in the planning and permitting stages as of December. Multifamily transactions neared $1.2 billion, doubling the $595 million volume of 2023.<\/p>\n<p>Read the full Yardi Matrix Portland Multifamily Market Report: <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/6931-MatrixMultifamilyPortlandReport-February2025\" rel=\"\"><strong>February 2025<\/strong><\/a><\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rents Down, Deliveries Pour In Portland advertised asking rents were down 0.5% on a trailing three-month basis through December, to $1,743, as per the latest Yardi Matrix Portland multifamily market report. National rent movement was negative as well, with the U.S. average down 0.2%, to $1,742. The metro\u2019s occupancy rate was 95.1% as of November, [&hellip;]<\/p>\n","protected":false},"author":436,"featured_media":8528,"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],"class_list":["post-9055","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"],"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 February 2025 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Advertised asking rents in Portland contracted by 0.5 percent on a T3 basis through December, 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-february-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 February 2025\" \/>\n<meta property=\"og:description\" content=\"Advertised asking rents in Portland contracted by 0.5 percent on a T3 basis through December, Yardi Matrix reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/portland-multifamily-market-report-february-2025\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-10T08:55:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-15T09:05:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2024\/11\/Portland-iStock-2197273511-featured.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 2025 - 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