Fall 2025 Apartment Report from Multifamily NW
The Fall 2025 Apartment Report is available! Scroll below for Member and Non-Member access.
The report debuted at the Fall Apartment Report Luncheon on Thursday, October 16th. Multifamily NW, the largest association of housing providers and rental housing professionals in Oregon, publishes the biannual Apartment Report every Spring and Fall — offering the latest insights into the current status of the rental market in various regions of the state.
The Fall 2025 Report is showing signs that Oregon's rental housing market is beginning to stabilize after years of volatility. The biannual report, which surveys owners and operators of more than 52,000 units of multifamily rental housing throughout Oregon, shows vacancy rates in the Portland and Vancouver metro area increased modestly to 5.47%, up from 4.49% a year ago. However, average rent per square foot rose 3% year-over-year to $2.11, suggesting the market may have found its pricing floor.
“There are real signs of progress in Oregon's rental housing market – rents have stabilized, transaction volume is climbing, and vacancy rates are finding a healthier balance," said Gary Fisher, executive director of Multifamily NW. "But we're not out of the woods yet. The regulatory environment in Oregon continues to make it harder to build and operate housing. If we want a full recovery, state and local leaders need to shift their approach and recognize that housing providers are essential partners in addressing Oregon's housing shortage.”
Links for presentations at the Fall 2025 Apartment Report Luncheon:
Patrick O. Barry - Fall_2025_ApartmentReport_Summary-Apt_Sales-Values-Construction.pdf
Dr. Michael Wilkerson - Economic_Overview.pdf
Leah Sykes - Operational_Challenges_for_Housing_Providers.pdf