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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

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