Seattle Apartment Market


Apartment Market Inventory (50+ Units):

Properties 1332
Units 194404
Submarkets 44
Cities 39

Principal Municipalities

Seattle, Bellevue, Everett, Kent, Renton, Federal Way, Lynnwood, Redmond, Kirkland, Bothell, Auburn, Issaquah and Seatac

Counties

King and Snohomish

What's New - Apartment Related Information/Data

Market Related Blog Articles

Since late 2012 little has been written, or even discussed, about the Sequester’s affects on economic conditions. But no discussion is necessary to see the affects on employment in some markets, while others appear to have been untouched.
As robust as new apartment construction has been, momentum is continuing to increase in most markets.
Apartment properties currently in development at its most aggressive, even, or especially, considering market size, include an instantly recognizable array of Markets.
Apartment demand is underwritten near entirely by employment change. And some markets are receiving more than their fair share.

There is a serious acceleration in new apartment development action among some markets that bears attention.

The apartment development market is progressing full on.  It happens at some point in every market ascension, but it’s no less exciting to see the most current action.  In some markets, the action is intense.

Enthusiasm runs high for 2013 apartment market absorption projects, but a few markets deserve attention.  Among Pierce-Eislen’s 54 markets, 1,095 apartment properties, 247,389 units, are under construction.  Ten of those markets hold a disproportionate share of new supply.
Of Pierce-Eislen's 52 Markets, sixteen illustrated the most aggressive increases during the period extending from December 1, 2011, through July 31, 2012

Some interesting activity is developing among sixteen of the markets surveyed by Pierce-Eislen.

Apartment rental rates in most markets are increasing in absolute terms. No surprise there. But relative terms bring up other thoughts