Across the entire region, the rent now sits at an average of USD$1,725. Comparatively, the rental vacancy rate within the city of Vancouver is now hovering at below 1% — far below the renter-landlord healthy range of 3% to 4%. A lack of supply has also caused rents to soar. When looking at all apartments available for rent in the city of Seattle — including new ones — 10.5 percent are empty, up from 9 percent a year ago and 7.7 percent two years ago. The vacancy rate in Seattle is around seven per cent across the city, says Rob Johnson. Vancouver is struggling to address a critical shortage of rental housing while, just across the border, Seattle now has the opposite problem. The most expensive neighborhood, Seattle Downtown, experienced the steepest rent decline of 6.6% from the prior quarter, but was still up 4.5% from a year ago. Apartment Insights converts these and other data points into five indices: absorption, vacancies stable, vacancies all, gross rents, and net rents. King County Benchmark Program indicator: apartment vacancy rate. 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.
21 Feb 2019 The city of Seattle stands at a vacancy rate of 10.5%, with rental rates that have fallen year-over-year. In contrast to Vancouver, renters are
14 May 2019 A newly released report from the Family Housing Fund says the cost of housing in the the region is on a trajectory to becoming as expensive as Denver or Seattle. Low vacancy rates also contribute to the housing problem. Rental housing prices in the city are increasing at alarming rates. theory, where rental rates (and vacancies) are at a citywide high despite increased supply. 12 Mar 2019 This growth has caused very low rental vacancy rates, a competitive rental rates have been rising faster even faster than Seattle's in 2018 1 Jan 2019 Rental growth and multifamily trends in housing heading into 2019 from rental Q: Any specifics for our high profile markets – Seattle, Portland, U.S. is experiencing the lowest rental vacancy rate right now since the early 9 Jan 2019 A report on housing released in December was accepted by the King County and in Seattle, the report found that 45 percent of eviction filings were for which can force people into a housing market with a vacancy rate of
12 Mar 2019 This growth has caused very low rental vacancy rates, a competitive rental rates have been rising faster even faster than Seattle's in 2018
Seattle remains among the most expensive places in the country to rent. The average rent across all unit types is $2,330 in downtown Seattle, $2,180 in West Bellevue, $2,120 in South Lake Union and $2,050 in Belltown, according to Apartment Insights/RealData. On the other end, rents remain below $1,300 in SeaTac, The US rental vacancy rate was 7.0% in Q4 of 2015 (4.1% lower than the most recent peak in 2009), which has driven up rents in many cities and states across the country. The states with the lowest vacancy rates in Q4 of 2015 were: Vermont (2.9%) Oregon (3.5%) Washington (3.8%) Graph and download economic data for Rental Vacancy Rate for Washington (WARVAC) from 1986 to 2018 about vacancy, rent, WA, rate, and USA. Rental Vacancy Rate profile for Seattle, WA And the vacancy rate of all big projects that have been completed, whether stabilized or not. This is a significantly higher number. 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. Vacancy Summary. The statewide apartment vacancy rate declined slightly from 4.7% to 4.3% in Spring 2019. While there is variability among the individual county rates, all of the counties outside of the Puget Sound region included in the survey had vacancy rates below 5%, which is usually considered the threshold for a tight rental market. 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.
Rent Increases Spread Outside of the City. The Seattle rental housing market remains heated, with both Vacancy Rate in Q3 2019. SEATTLE BY THE
21 Mar 2018 The bottom line, he stated, is that “measuring rental rates in January is said apartment rents, construction and vacancies outside Seattle will Seattle Rental Vacancy Rate. The rental vacancy rate is the fraction of homes for rent that are not occupied. 3 In 2017 the rental vacancy rate for Seattle Washington was 3.61% according to Census ACS data. 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 The Seattle apartment vacancy rate is the highest it’s been in seven years, and a report says it’s only going to keep growing. The market vacancy rate, reports the Puget Sound Business Journal, is 4 percent, up from 3.3 percent from the spring—not the biggest jump, but that number leaves out brand-new properties. Across the entire region, the rent now sits at an average of USD$1,725. Comparatively, the rental vacancy rate within the city of Vancouver is now hovering at below 1% — far below the renter-landlord healthy range of 3% to 4%. A lack of supply has also caused rents to soar. When looking at all apartments available for rent in the city of Seattle — including new ones — 10.5 percent are empty, up from 9 percent a year ago and 7.7 percent two years ago. The vacancy rate in Seattle is around seven per cent across the city, says Rob Johnson. Vancouver is struggling to address a critical shortage of rental housing while, just across the border, Seattle now has the opposite problem.
21 May 2019 There's a lot going on today that can alter vacancy rates from rent prices to regional economic Seattle-Tacoma-Bellevue, WA, 1.9, 4.6, 3.9.
Rental housing prices in the city are increasing at alarming rates. theory, where rental rates (and vacancies) are at a citywide high despite increased supply.