Portland Multifamily Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from CBRE, Kidder Mathews, Northmarq
Quarterly multifamily market indicators for Portland, aggregated by CREhunt from CBRE, Kidder Mathews, Northmarq. As of Q2 2026, average asking rent was $1,750.00/unit/mo, per CBRE.
Projected current multifamily pricing — Portland
Projected asking rent
$1,750–$1,877/unit/mo
Estimated sale value
$198,915–$266,641/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 5.1%, asking rent trend-adjusted to today). Assumes ~93% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 CBRE | $1,750.00/unit/mo | — | 95 SF | — | CBRE |
| Q2 2026 Kidder Mathews | — | 7.1% | 2K SF | 4K SF | Kidder Mathews |
| Q1 2026 Kidder Mathews | — | 8.4% | — | — | Kidder Mathews |
| Q1 2026 CBRE | $1,734.00/unit/mo | — | — | — | CBRE |
| Q4 2025 Northmarq | — | 5.2% | — | — | Northmarq |
| Q3 2025 Northmarq | — | 4.9% | — | — | Northmarq |
Frequently asked questions
- What is the average asking rent for multifamily space in Portland?
- As of Q2 2026, the average asking rent for multifamily space in Portland was $1,750.00/unit/mo, per CBRE.
- What is the multifamily vacancy rate in Portland?
- Vacancy data for Portland multifamily is aggregated from brokerage reports; refer to the quarterly table for available quarters.
- Where does CREhunt's Portland market data come from?
- This report aggregates quarterly multifamily market data for Portland from CBRE, Kidder Mathews, Northmarq.
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