Portland’s Multifamily Market Faces Rising Vacancy and Declining Construction in Q4 2024

Portland’s multifamily sector saw notable shifts in the fourth quarter of 2024, with vacancy rates rising and new construction slowing. According to the latest Portland multifamily market report from Kidder Mathews, the vacancy rate climbed to nine percent, marking a 16.88 percent year-over-year increase. While rental prices remained relatively stable, new development activity declined sharply. […]