Portland’s Multifamily Market Sees Resurgence in Demand, Boosting Investment Prospects

Recent data indicates positive trends in Portland's multifamily leasing market, driven by a rebound in absorption and declining new supply, particularly in suburban areas. Strong leasing performance has led to increased investment sales opportunities, reflecting positive investor sentiment. Suburban demand accounts for over 65% of net occupied units, with more than 3,100 units absorbed in 2024, potentially surpassing previous years. Urban areas also saw growth, suggesting a robust market outlook as multifamily building permits remain below pre-COVID levels.