Vacancy rate seattle

This indicator reports apartment vacancy rates for neighborhoods in King County, and analyzes the trend in vacancy countywide. Rental vacancy rates are influenced by the availability of housing stock and measure the capacity to accommodate household demand. A vacancy rate of five percent is generally regarded as a normal market rate. A glut of new apartments washing over the city has quickly turned the tables as vacancy rates hit their highest levels since the recession, led by downtown Seattle, where one-fourth of all Greater Seattle has the nation's 6th lowest rental vacancy rate while Portland ties for 11th with two other U.S. metro areas. The U.S. Census Bureau reports that the third-quarter 2019 rental vacancy rate for the Portland/ Vancouver/ Hillsboro metro area was 4.7%, an increase of 0.2% from one year earlier.

Rental Vacancy Rate profile for Seattle, WA This would be the worst-case scenario for Q1 2019. The best-case scenario, as Apartment Insights sees it, given the estimated demand, is a vacancy rate of 7.8%, with a mid-point of 8.4%. This growing vacancy rate is occurring despite Seattle’s hopping economy and employment growth. Greater Seattle has the nation's 6th lowest rental vacancy rate while Portland ties for 11th with two other U.S. metro areas. The U.S. Census Bureau reports that the third-quarter 2019 rental vacancy rate for the Portland/ Vancouver/ Hillsboro metro area was 4.7%, an increase of 0.2% from one year earlier. Specific neighbourhoods have seen vacancy rates hovering within the teens. South Lake Union, where Amazon’s presence has particularly been felt, is experiencing an 18% vacancy. Elsewhere in the region, 16% of rental units in Seattle city centre are empty, 13% in First Hill, 11% in Queens Anne-Magnolia, and 12% in Redmond, where Microsoft’s Only three metro areas in the country — New York, Dallas and Los Angeles — built more apartments than Seattle last year. … For a while it looked like developers might have been too aggressive with all those new units: Vacancy rates had been rising, recently reaching their highest point

Met Park Seattle | Downtown Core | Unparalleled Amenities office market, with never-before-seen tallies in absorption and continued declines in vacancy.

Rental Vacancy Rate profile for Seattle, WA This would be the worst-case scenario for Q1 2019. The best-case scenario, as Apartment Insights sees it, given the estimated demand, is a vacancy rate of 7.8%, with a mid-point of 8.4%. This growing vacancy rate is occurring despite Seattle’s hopping economy and employment growth. Greater Seattle has the nation's 6th lowest rental vacancy rate while Portland ties for 11th with two other U.S. metro areas. The U.S. Census Bureau reports that the third-quarter 2019 rental vacancy rate for the Portland/ Vancouver/ Hillsboro metro area was 4.7%, an increase of 0.2% from one year earlier. Specific neighbourhoods have seen vacancy rates hovering within the teens. South Lake Union, where Amazon’s presence has particularly been felt, is experiencing an 18% vacancy. Elsewhere in the region, 16% of rental units in Seattle city centre are empty, 13% in First Hill, 11% in Queens Anne-Magnolia, and 12% in Redmond, where Microsoft’s Only three metro areas in the country — New York, Dallas and Los Angeles — built more apartments than Seattle last year. … For a while it looked like developers might have been too aggressive with all those new units: Vacancy rates had been rising, recently reaching their highest point Currently the vacancy rate is about 2.5 percent, with rental rates increasing by over 10 percent within the last year. Current rental rates are running $17-$32 per square foot, triple net. These four trends will continue to influence Seattle's growth in 2018. The high price of homeownership has kept the apartment vacancy rate under 4%, while the average effective rent has risen

The statewide apartment vacancy rate declined slightly from 4.7% to 4.3% in Spring that rental markets are extremely tight outside of the Seattle/Tacoma area.

The vacancy rate of “stabilized” properties in the Seattle metro rose to 5.2%, the highest 3rd quarter rate since 2010. Concessions kept this vacancy rate from going even higher – such as one-month free rent, gift cards, move-in allowance, or whatever.

The statewide apartment vacancy rate declined slightly from 4.7% to 4.3% in Spring that rental markets are extremely tight outside of the Seattle/Tacoma area.

The Seattle rental housing market remains heated, with both Seattle is tied with Los Angeles for having the most Vacancy Rate in Q3 2019. SEATTLE BY  Robust space demand takes the vacancy rate down to a record low. Seattle remains one of the nation's top job creators and fastest-growing economies,  18 Nov 2019 One struck me in particular: “2 months free plus a $1,000 gift card if you move in within 1 week!” Compare this to the near-zero vacancy rate in  16 Jan 2020 The retail vacancy rate climbed 0.1% to 10.2% in the fourth quarter. Only three metros saw rent growth of 1.0% or more: Seattle, Hartford, and  18 Oct 2019 SEATTLE: BC Premier John Horgan (middle), Washington Governor Jay To deal with Vancouver's near-zero rental vacancy rate, Kelley's  26 Jun 2018 The vacancies rates around the city sit at about seven per cent compared to the roughly four per cent vacancy rate of the past. Vancouver, like 

Setting the standard for real estate research with accurate market knowledge and info on the latest trends. Seattle Cap Rate Survey H2 2019. Featured. Related 

The statewide apartment vacancy rate declined slightly from 4.7% to 4.3% in Spring that rental markets are extremely tight outside of the Seattle/Tacoma area. Graph and download economic data for Rental Vacancy Rate for Washington ( WARVAC) from 1986 to 2018 about vacancy, rent, WA, rate, and USA. Unemployment Rate in Seattle-Tacoma-Bellevue, WA (MSA) · GeoFRED logo. GeoFRED 

18 Nov 2019 One struck me in particular: “2 months free plus a $1,000 gift card if you move in within 1 week!” Compare this to the near-zero vacancy rate in  16 Jan 2020 The retail vacancy rate climbed 0.1% to 10.2% in the fourth quarter. Only three metros saw rent growth of 1.0% or more: Seattle, Hartford, and  18 Oct 2019 SEATTLE: BC Premier John Horgan (middle), Washington Governor Jay To deal with Vancouver's near-zero rental vacancy rate, Kelley's  26 Jun 2018 The vacancies rates around the city sit at about seven per cent compared to the roughly four per cent vacancy rate of the past. Vancouver, like