Figures
Portland Multifamily Figures Q1 2026
Portland Multifamily Net Absorption Outpaces Elevated Deliveries
May 7, 2026 5 Minute Read
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The Portland multifamily market closed Q1 2026 with an occupancy rate of 94.8%, up 20 basis points from Q4 2025.
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Portland saw 1,367 units delivered in Q1 2026, compared to 975 units in Q4 2025.
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There was positive net absorption of 1,827 units in Q1 2026, compared to 758 units of negative net absorption in Q4 2025.
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The average rent per unit in Portland ended Q1 2026 at $1,734, down 0.2% from Q4 2025.
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Investment sales in Q1 2026 amounted to $188 million in total volume, compared to $295.7 million in Q4 2025.