Abstract The Bogomolov multiplier of a group is the unramified Brauer group associated with the quotient variety of a faithful representation of the group. This object is an obstruction for the quotient variety to be stably rational. The purpose of this paper is to study these multipliers associated with nilpotent pro-$p$ groups by transporting them to their associated Lie algebras. Special focus is set on the case of $p$-adic Lie groups of nilpotency class $2$, where we analyse the moduli space. This is then applied to give information on asymptotic behaviour of multipliers of finite images of such groups of exponent $p$. We show that with fixed $n$ and increasing $p$, a positive proportion of these groups of order $p^n$ have trivial multipliers. On the other hand, we show that by fixing $p$ and increasing $n$, log-generic groups of order $p^n$ have non-trivial multipliers. Whence quotient varieties of faithful representations of log-generic $p$-groups are not stably rational, applications in non-commutative Iwasawa theory are developed.