123 Portland — Rental Market Data

At 123 Portland, the 30-day average days on market is 38 days, compared to a 90-day average of 22 days and a submarket benchmark of 20 days. Leasing turnover moderated through the summer months, recording 1 closed lease in the last 30 days, 3 closed leases over the trailing 90 days, and 5 lifetime closed leases overall.

At 123 Portland, transactions settled on average at 100% of asking price, resulting in a net negotiation spread of $0 per month and 0% variance between initial list prices and executed leases. Exactly 100% of leases closed at asking price, reflecting a balanced market leverage environment where neither landlords nor prospective tenants held dominant pricing power.

At 123 Portland, the two highest-volume anchor layouts are 2-Bedroom units with an average monthly rent of $3,495 per month across 14 days on market, and 2-Bedroom + Den suites averaging $3,400 per month across 24 days on market. This represents a limited sample size and directional reference only, featuring 2 closed leases for standard 2-Bedroom plans with an average size of 850 square feet at $4.11 per square foot, a median of $3,495 per month, and a P25-P75 range of $3,495 to $3,495 per month. The 2-Bedroom + Den tier likewise represents a small sample size consisting of 2 closed leases averaging 825 square feet at $4.12 per square foot, with a median of $3,400 per month and a P25-P75 range of $3,374 to $3,425 per month. The 3-Bedroom+ tier represents an individual single transaction rather than a broad statistical benchmark, consisting of 1 closed lease with an average monthly rent of $4,300 per month, a median of $4,300 per month, a P25-P75 range of $4,300 to $4,300 per month, an average size of 950 square feet at $4.53 per square foot, and 46 days on market.

At 123 Portland, realized leased parking premiums cannot be determined due to insufficient paired data across historical transactions. Parking premium data is inconclusive, and suite bundling patterns indicate that vehicle spaces were either included with larger floor plans or unbundled without separate line-item values. Active asking parking rates cannot be reliably isolated due to insufficient paired samples.

At 123 Portland, overall rent trajectories moved downward from early spring peaks into late summer as leasing velocity slowed. In April 2026, 2 closed deals averaged $3,875 per month at $4.29 per square foot across 28 days on market. In June 2026, 2 closed deals averaged $3,495 per month at $4.11 per square foot across 14 days on market. In August 2026, 1 closed deal averaged $3,349 per month at $4.19 per square foot across 38 days on market.