Seattle Apartment Vacancy Falls as New Deliveries Slow
Seattle apartment vacancy fell to 6.6% in the third quarter as occupied-unit growth outpaced completions. Asking rents rose annually but slipped from the second quarter.
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Seattle apartment vacancy fell to 6.6% in the third quarter as occupied-unit growth outpaced completions. Asking rents rose annually but slipped from the second quarter.
The highest signed rent is not always the best lease. Here’s how apartment operators can weigh vacancy, concessions, lease terms and renewals to protect net revenue.
New Apartment List data shows U.S. vacancies slipping from their recent peak as rent declines narrow, signaling that the multifamily supply wave is beginning to be absorbed.