Measuring health in terms of annual rent growth for new resident leases, results range all the way from spectacular—a 7 percent rent escalation in downtown Seattle—to dismal.
Apartment rents are not growing as quickly as they had been, according to research firm RealPage Inc.
As the market contends with an unrelenting wave of new supply, owners are using the summer as way to get ahead of the competition.
If developers build too much parking, the empty spaces may be difficult to repurpose for any other use.
New York-based WeWork has signed a deal with Martin Selig Real Estate to build a 36-floor mixed-use development in Seattle’s Belltown neighborhood.