The commercial real estate firm YardiMatrix has reported on vacancy trends and rental growth for Seattle and Portland in its latest report.
According to the company's research:
Year-Over-Year Occupancy Change (March 2020-2021)
Seattle: -7.6%
Portland: -0.1%
Quarter that occupancy recovers to March, 2020 level
Seattle: 4th Qarter 2024
Portland: RECOVERED
Rent recovery quarter to Q1 2020 levels
Seattle: Q1 2023
Portland: RECOVERED
Forecast rent growth 2021-2023
Seattle: 10%
Portland: 9%
Cumulative rent growth 2021-2025
Seattle: 16.4%
Portland: 15.4%
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