July 2, 2025
Matrix Multifamily Portland Report-June 2025
Portland’s Muted Performance
Advertised asking rents in Portland were up 0.1 percent on a T3 basis through April, to $1,759, 10 bps below the U.S. figure. Developers brought online just 1,806 units, or 0.9 percent of existing stock, through April, with construction starts in the first four months of 2024 also decreasing by 70 percent compared to last year.
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