Figures

Q3 2026 Portland Multifamily Figures

Investment Sales Rebound to Highest Level Since 2022

October 29, 2026 3 Minute Read

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-The Portland multifamily market closed Q3 2026 with an occupancy rate of 95.2%, remaining essentially flat from 95.3% in Q2 2026.

 

-Deliveries reached 1,097 units in Q3 2026, up from 928 units in Q2 2026, continuing a steady pace of new supply.

 

-Net absorption totaled 1,320 units in Q3 2026, exceeding the 1,097 units delivered during the quarter and indicating that demand continued to outpace new supply.

 

-The average monthly rent per unit in Portland ended Q3 2026 at $1,764, up 0.7% from Q2 2026.

 

-Investment sales surged to $658.8 million in Q3 2026, up from $359.2 million in Q2 2026 and marking the strongest quarter for transaction volume since Q4 2022.