Article | Intelligent Investment

Portland Multifamily Future in Focus June 2023

June 21, 2023 30 Minute Read

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This quarterly report provides key stats, an overview of the development pipeline, and an outlook on future multifamily performance.  Vacancy remained flat in Q1 2023 at 5.3%. Contrary to quarter-over-quarter declines in average rents seen across most major metro markets in the U.S., local average rent increased 2.3% in Q1.

Contrary to quarter-over-quarter declines in average rents seen across most major metro markets in the U.S., local average rent increased 2.3% in Q1.