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Uptick in Multifamily Construction Outpaces Demand as Leasing Activity Tapers in Portland

Past Divergences in Supply and Demand Ratios Hint at Where Vacancies Could Land
Multifamily vacancies are on the rise in Portland, Oregon.
Multifamily vacancies are on the rise in Portland, Oregon.
CoStar Analytics
March 9, 2023 | 10:53 P.M.

A once skyrocketing multifamily market in Portland, Oregon, is beginning to show signs of falling back to earth. Leasing activity in the metropolitan area has cooled dramatically as the historically slower winter months took hold.

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