Seattle is the 13th largest multifamily market with 277,289 completed units and 134,151 units in development, 28,134 of which have already broken ground, as of June 2022.
Seattle Multifamily Market Summary – June 2022
New lease asking rents are at $2,250, up 15.9%▲
from the previous year placing Seattle at 27th
overall in year-over-year rent growth.
Seattle Multifamily Market Summary – May 2022
New lease asking rents are at $2,187, up 14.8%▲
from the previous year placing Seattle at 34th
overall in year-over-year rent growth.
Seattle Multifamily Market Summary – April 2022
New lease asking rents are at $2,148, up 14.8%▲
from the previous year placing Seattle at 37th
overall in year-over-year rent growth.
Seattle Multifamily Market Summary – March 2022
New lease asking rents are at $2,133, up 16.3%▲
from the previous year placing Seattle at 31st
overall in year-over-year rent growth.
Seattle Multifamily Market Summary – February 2022
New lease asking rents are at $2,095, up 16.3%▲
from the previous year placing Seattle at 33rd
overall in year-over-year rent growth.
Seattle Multifamily Market Summary – January 2022
New lease asking rents are at $2,048, up 12.4%▲
from the previous year placing Seattle at 51st
overall in year-over-year rent growth.
Seattle Multifamily Market Summary – December 2021
New lease asking rents are at $2,048, up 12.4%▲
from the previous year placing Seattle at 51st
overall in year-over-year rent growth.
