(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); Seattle/Tacoma Rents Rise 2% in Q1 | Hamilton Zanze

Seattle/Tacoma Rents Rise 2% in Q1

hamilton-zanze June 10, 2013

Rents in the Seattle/Tacoma apartment market jumped 2.0% during Q1 2013, boosting the annual pace of growth to 4.2%. Factors contributing to the trend include:

  • Tight occupancy – 95.7% for Q1
  • Strong apartment demand – 1,700 units for Q1 and about 7,400 for the year ending Q1 (only Dallas and Houston had stronger absorption)
  • Property managers who are used to dealing with high absorption, as they will not panic and underprice available units

Read more at Property Management Insider

Print Friendly, PDF & Email