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Q4 2020 Portland Metro Multifamily Report

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Portland’s multifamily market continues to show signs of resilience amidst a pandemic that gave people an opportunity to evaluate their living conditions. Suburban Clackamas and Clark Counties posted 2.9% and 4.2% annual effective rent growth this quarter, compared to city of Portland, where effective rents dropped 2.4%. Across the metro, occupancy dropped 0.4%, but remains a healthy 92.9%, except for Multnomah County, which is hovering around 95%. Pricing for investment sales remained stable, but transaction count decreased 26% over the prior 3-year average, with 139 transactions throughout the year.


PortlandMultifamily

Q4 2020 Portland Metro Multifamily Report

Download Report