Portland, Oregon’s, multifamily market has witnessed a consistent pullback from developers over the past two years. Thus far, in the first quarter of 2024, just over 200 units broke ground, a striking reversal from the decade-high mark of over 3,400 units in the first quarter of 2022.
Multifamily Developers in Portland, Oregon, Continue Pulling Back
New Unit Pipeline Slows and Sets Stage for Declining Vacancies and Eventual Rent Gains
By John Gillem
CoStar Analytics
March 7, 2024 | 6:00 P.M.
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