Thursday, September 17, 2015

More Than Weather Was Sizzling in Seattle This Summer

Seattle area rents have jumped over 10% in the past 12 months. In the third quarter of 2015 alone, rents in King and Snohomish Counties rose 3.1% to $1,451, or $1.74 per square foot.

King and Snohomish County, Washington appear poised to experience record-breaking apartment construction in 2015: 10,642 apartments are scheduled to open this year, several hundred more than the prior record of 10,056 set in 1989. An additional 13,000 units are slated to open in 2016 and 11,000 in 2017. Click here to read more.