By Coty Thurman, November 13, 2025
Hi, I’m Coty Thurman here to offer you a rental market update for the Portland Vancouver Metro Region for November 2025.
Washington
Let’s start in Washington, where big changes are rolling in. The state just joined Oregon in adopting rent stabilization, setting limits on rent increases statewide. And right on cue, the city of Vancouver also launched a new Rental Registration Program starting in 2026.
The thirty-dollar registration fee will help build a citywide database and inspection program. It means a little more paperwork for housing providers, but it also adds visibility and accountability that ultimately benefits everyone.
Vacancy
The latest data from Multifamily North West’s Fall Report shows Clark County is still the star of the metro area. The biggest change — East Vancouver vacancy came down from 6.2 down to 4.3 percent. Downtown Portland also moved in the right direction (heeey), with a small but steady decrease in vacant units.
Inner Southeast, on the other hand, saw vacancy go the other direction. A three percent increase.—a reminder that the recalibration of our city is very much in motion.
While the Multifamily North West report focuses primarily on apartments, we manage single-family homes and have noticed our own trends.
On average, it’s taking about 18 days to secure an approved applicant, which occasionally means offering a small rent adjustment or a move-in concession to get the right renter in place. Even with that, rents are holding strong, with new leases signing at 99% of the prior tenant’s rent levels.
Okay, let’s touch on the topic nobody enjoys—evictions.
Since Senate Bill 2001 passed two years ago in Oregon, most rental assistance programs now require a formal eviction filing before a tenant’s request for help is taken seriously. No court date = no money. That means landlords are filing evictions just to get the ball rolling, which naturally creates tension between landlords and tenants.
Add in Oregon’s court backlog—where cases in Multnomah County can stretch beyond four months—and it’s no surprise that both renters and property owners are worn thin. For housing providers trying to manage both sides, it’s hard. Like, Really hard.
We’ve made some sharp turns with housing policy lately, and it’s time to get back on a path that works for everyone. Because at the end of the day, behind every lease are real people—residents working to stay housed and owners trying to make their investments make sense. The layers of regulation have made it harder to navigate these moments with empathy…..and honestly, it’s taken some of the joy out of serving this industry that I care so deeply about.
Still, I have faith that we’ll figure it out—to keep landlords investing in our city and to make sure renters continue to have housing choices beyond the large apartment complexes.
Make A Move
As we head into a season of gratitude, I’ll be raising my glass to stability, human connection, and continuing to make room to live.
Coty Thurman
President & Licensed Principal Broker of Property Management | OR & WA
She/Her
As of January 2024, I am thrilled to announce that I have assumed the role of President at Living Room Property Management, marking another milestone in my journey within the real estate industry.
With over two decades of experience in real estate, my career trajectory has been one of continual growth and learning. From my early days as a leasing agent to eventually becoming a Property Manager and Regional Trainer, I have honed my skills and expertise in property management. My experience overseeing multi-million dollar multi-family communities across various locations, including the Portland Metro area, the Bay Area in California, and Boulder, Colorado, has equipped me with invaluable insights into the intricacies of this field.
I am deeply passionate about the nuances of property management—the problem-solving, organization, and implementation of systems necessary for success. I am committed to leading an ethical, trustworthy, and knowledgeable team to effectively manage our rental portfolio. Whether it's navigating the complexities of Oregon landlord-tenant laws or optimizing our client's investment portfolio, I am always eager to tackle new challenges head-on.
Diversity and inclusion lie at the heart of my leadership philosophy. As a biracial woman who has experienced firsthand the importance of representation and inclusivity, I am committed to fostering environments where individuals from all backgrounds feel valued and empowered. By actively seeking out and supporting diverse talent, I aim to create a workplace that celebrates the unique perspectives and contributions of each team member.
My roots run deep in Portland, having grown up in the Montavilla neighborhood and attended Marshall High School. Alongside my high school sweetheart turned husband, I am raising two wonderful children and a beloved dog in the eastern suburb of Fairview. Surrounded by supportive family and friends, I am grateful for the community that has helped shape both my personal and professional journey.
Outside of work, you can often find me enjoying quality time with my family on our back porch, attending live comedy and theater with friends, exploring the city's vibrant culinary scene, or immersing myself in the music and culture at outdoor concerts. Whether cheering on my kids at their sporting events or belting out tunes from the Hamilton soundtrack during a scenic drive, I cherish every moment spent embracing life's adventures.
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- T: 503-781-6055
- coty@livingroomre.com
