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Portland, Oregon’s, Multifamily Outlook Brightens Slightly as 2024 Begins

Interest in Luxury Units on the Rise
Heavy deliveries of four- and five-star communities have driven outsized leasing in this quality segment.
Heavy deliveries of four- and five-star communities have driven outsized leasing in this quality segment.
CoStar Analytics
January 12, 2024 | 9:40 P.M.

Portland, Oregon’s, multifamily market witnessed steady leasing in 2023. On net, the number of units absorbed — the difference between move-ins and move-outs — was just over 3,000, in line with 2022 figures.

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