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Surge in Supply Heightens Interest in Seattle

SEATTLE—Vacancy continues to tighten as housing prices soar beyond the reach of many tenants, contributing to climbing rents, says a recent report.

By Natalie Dolce | Updated on November 16, 2015

SEATTLE—The Seattle-Tacoma rental market is one of the most robust in the nation, led by flourishing employment that has generated a spike in demand for apartments. That is according to a recent Q4 report from Marcus & Millichap.

“Developers have been scrambling to keep pace with the growing need for housing, adding more than 30,000 rentals to inventory during the past five years. Deliveries will reach a new peak of 12,000 units in 2015, which is expected to be matched next year.”

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