Deep local knowledge, comprehensive market data, and expert insights for informed
investment decisions.

Average Cap Rate
+0.3% YoY

Median Price/Unit
+8% YoY

Vacancy Rate
-0.5% YoY

Rent Growth
Annual
Portland's multifamily market continues to demonstrate resilience with steady rental growth and strong investor interest. The metro area's diverse economy, quality of life, and relative affordability compared to other West Coast markets support ongoing apartment demand.
Key drivers include the tech sector expansion in the Silicon Forest, healthcare and education employment, and Portland's appeal to remote workers relocating from higher-cost markets. Population growth and household formation continue to outpace new construction.
Value-add opportunities remain attractive as investors target properties with below-market rents and deferred maintenance. Well-positioned assets with renovation potential continue to command premium pricing.
Strong rental demand across all unit types
Cap rate compression stabilizing after 2023 adjustments
Development pipeline moderating, supporting existing assets
Suburban markets outperforming urban core
Value-add premiums remain attractive for repositioning plays
1031 exchange buyers driving competitive bidding
Premium urban living with strong rental demand from young professionals.
Cap Rate Range
4.8-5.2%
Outlook
Stable
Hip neighborhoods with high walkability scores and lifestyle amenities.
Cap Rate Range
5.0-5.5%
Outlook
Growing
Tech corridor with strong employment growth and suburban appeal.
Cap Rate Range
5.2-5.8%
Outlook
Growing
Affordable submarket with value-add opportunities and improving fundamentals.
Cap Rate Range
5.5-6.2%
Outlook
Improving
Affluent suburbs with excellent schools and stable tenant base.
Cap Rate Range
5.0-5.5%
Outlook
Stable
Cross-border opportunities in Vancouver and Clark County.
Cap Rate Range
5.3-5.8%
Outlook
Growing
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goals.

Portland's trusted multifamily investment brokerage. Expert valuation, positioning, and execution for apartment owners.
Principal Broker: Streamline Real Estate
(971) 458-4080
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Serving Portland, Beaverton, Gresham, Hillsboro, Tigard & SW Washington.