Portland is the 31st largest multifamily market with 167,801 completed units and 45,424 units in development, 9,029 of which have already broken ground, as of December 2021.
Portland Multifamily Market Summary – December 2021
New lease asking rents are at $1,635, up 12.8%▲
from the previous year placing Portland at 46th
overall in year-over-year rent growth.