Figures

Portland Multifamily Figures Report Q1 2025

Net absorption remains positive for eighth consecutive quarter

May 21, 2025 7 Minute Read

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  • The Portland multifamily market closed Q1 2025 with an occupancy rate of 94.8%. This represented a -0.1% decrease from Q4 2024.
  • There were 739 units absorbed in Q1 2025, compared to 2,187 units in Q4 2024.
  • There were 933 units delivered in Q1 2025, compared to 1,058 units in Q4 2024.
  • The overall average rent per unit for multifamily in Portland ended Q1 2025 at $1,737, representing a $0 change from Q4 2024.
  • The total multifamily investment sales in Q1 2025 amounted to $286.1 million in total volume, compared to $857.7 million in Q4 2024.