February 25, 2026
Matrix Multifamily Portland Report-February 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.
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