Apartment

Seattle’s latest Covid economic impact report chock-full of demoralizing data

Seattle’s latest Covid economic impact report chock-full of demoralizing data

“The impact of the pandemic continues to haunt Seattle. Huge effects on downtown businesses, both large and small. Demand for apartments has fallen dramatically, as rent rates have fallen as well. Work from home, no commute, closed restaurants/bars, higher crime, all make for less desirable living environment for high-end downtown renters…” It’s going to take some time for the economy…

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Multifamily Concessions ‘Arms Race’ Heats Up As Renters Gain Power Position

Multifamily Concessions ‘Arms Race’ Heats Up As Renters Gain Power Position

“This article describes the Concessions and Rent Discounts being offered in MF properties in San Francisco, but these very similar to all that is being offered by Landlords in Seattle as well. Our Urban market has been hit hard….very few prospects coming in to rent, and concessions abound at all urban properties…!”   Some of San Francisco’s largest apartment owners are resorting…

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There are two ‘overheating’ construction markets in the world — Seattle is one, report says

There are two ‘overheating’ construction markets in the world — Seattle is one, report says

Seattle is one of the 10 most expensive places in the world to construct buildings — one of just two markets deemed to be overheating. That’s according to Turner & Townsend, a British professional services firm that specializes in program, project and cost management, which issued a new report this week that, among other things, looks at the per-square-meter cost…

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Dallas/Fort Worth Leads For Multifamily Permits in  March

Dallas/Fort Worth Leads For Multifamily Permits in March

A spike in permitting activity across several major markets helped revitalize national figures. During March 2017, total U.S. multifamily authorization activity rose 33.8% from February 2017 and 17.6% from a year prior, according to preliminary data from the U.S. Census Bureau. A total of 32,100 multifamily units were approved for construction by local governments across the country in March, bringing…

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With Thousands of Jobs Coming, Bellevue Homebuilders Spring Into Action

With Thousands of Jobs Coming, Bellevue Homebuilders Spring Into Action

Carpenters are breaking out the hammers east of Interstate 405 in Bellevue to start building hundreds of homes in and around the 36-acre Spring District development. Construction started this week on a 279-unit apartment project in the district. Nearby work began last week on 12 townhouses, and the developer says he has received purchase offers on a quarter of them.…

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