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Q3 2020 Portland Metro Multifamily Report

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Multifamily product is continuing to show its strength as an asset class in the Portland metro. Occupancy, however, is showing pandemic-related stress with Portland dropping 2.8% to 90.5% while Clackamas and Clark counties increased by 0.8% and 2.8%, respectively. As rent growth crawls (0.5% from Q3 2019) across the region, concessions have more than doubled downtown and in close-in submarkets. Suburban submarkets, however, have seen them cut in half. Rents per square foot, however, remain stable for every quarter in the last year.


PortlandMultifamily

Q3 2020 Portland Metro Multifamily Report

Download Report