Seattle and Portland are both benefiting from a sharp slowdown in apartment construction compared with the peak development earlier this decade. However, the two Pacific Northwest markets are not moving in lockstep.
Seattle pulls ahead of Portland on multifamily rent growth despite much larger construction pipeline
Puget Sound's stronger job and population growth are enabling it to absorb supply more quickly
CoStar Analytics
August 7, 2026 | 4:56 P.M.
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