Figures

Portland Multifamily Figures Q2 2026

Portland multifamily gains momentum as absorption outpaces supply

July 30, 2026 3 Minute Read

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  • The Portland multifamily market closed Q2 2026 with an occupancy rate of 95.3%, up 50 basis points from Q1 2026.
  • A total of 928 units were delivered in Q2 2026, down from 1,367 units in Q1 2026.
  • Net absorption reached 1,997 units in Q2 2026, more than double the 928 units delivered — a clear sign demand is outpacing new supply.
  • The average rent per unit in Portland ended Q2 2026 at $1,750, up 0.9% from Q1 2026.
  • Investment sales totaled $309.3 million in Q2 2026, a 48% jump from $208.3 million in Q1 — the strongest quarterly volume in recent periods.