Situated in Seattle's South Lake Union neighborhood, Ascent, a 25-story building featuring 251 apartment homes and a retail base composed of six retailers, is actively in lease-up. One block from Amazon's corporate headquarters and two blocks from the South Lake Union Streetcar terminal, the building provides an all-inclusive living experience for residents with amenities, resident services and 360-degree views of Seattle.

Slated to welcome first move-ins next month, Marlowe is a seven-story community that will feature 181 apartment homes in Seattle's South Lake Union neighborhood adjacent to Ascent. Marlowe will offer more than 9,000 square feet of retail as well as full suite of resident amenities.

In the Bay Area, Greystar currently has three active projects underway including:

Elan Mountain View features 164 luxury apartments on the corner of Castro Street and El Camino in Mountain View, CA. With 10,000 square feet of retail space, including a Peet's Coffee and Mediterranean restaurant Rose Market, the property is walking distance to the retailers on Castro street as well as the Mountain View Caltrain and VTA line.

Currently in lease-up, Huxley is an eight-story apartment community which features 137 rental residences and a diverse collection of onsite amenities. Near the Sequoia Caltrain station, Huxley is walking distance from downtown Redwood City's local employers, retail and restaurants.

Scheduled to open in April of 2019, Elan Redwood City will feature 175 rental units located within walking distance of downtown Redwood City. The community is two blocks from the Caltrain station as well as the area's major employers.

As both the housing and job markets in Seattle and Northern California continue to evolve and expand, Greystar continues to up its game for renters in Northern California and the Pacific Northwest, says Warner.

“A robust job market coupled with the steep cost of for-sale housing in both the Bay Area and Seattle has resulted in strong demand for rental housing,” he tells GlobeSt.com. “At Greystar, we strive to continue to deliver enhanced product and service offerings in our communities. Our focus is to provide residents with an elevated and convenient living environment that also features timeless design.”

That elevated design goes beyond the usual multifamily experience, GlobeSt.com learns.

“In both Seattle and the Bay Area, the rental housing that we develop is condo-quality, with top-of-the-line fixtures and finishes and design,” Warner tells GlobeSt.com. “What truly sets us apart from the condo product in these areas, though, is the higher level of amenities and services that each of our communities provides, from libraries with individual workstations and rooftop dog runs to on-demand concierge services.”

And, Warner says today's renters demand tech-oriented amenities.

“Today it's all about connectivity,” he tells GlobeSt.com. “We strive to have the fastest possible connection speeds for any and all technology to make residents' daily lives more seamless. As the trend of working remotely continues to grow in the tech industry, many residents also seek out creative workspace environments within their buildings, such as on-site co-working spaces and libraries, which many of our new projects provide. Additionally, we aim to deliver standout services and offer access to events that enhance a sense of community among residents. Each of our buildings, regardless of size, is uniquely designed with differentiated smaller gathering areas that inspire friendships.”

Markets expected to receive the bulk of new multifamily supply are Dallas, Los Angeles, New York, Washington, DC and Seattle, according to a report by RealPage. New supply in these markets will present a challenge to future rent growth.