Renter boom: Apartments filling up faster in Seattle area than anywhere in the U.S.

Staff Writer |

THE SEATTLE TIMES (APRIL 19, 2019) – The Seattle area is filling up new apartments faster than any region in the country, suggesting demand for housing is starting to catch up with the record construction boom — not a great sign for tenants hoping landlords get desperate and drop rents.

The new figures offer fresh insight into the years-long, multibillion-dollar experiment being waged by developers as they build more apartments in the city of Seattle this decade than in the previous half-century combined, betting on the long-term economic health of the region. Will enough renters eventually materialize to fill them, or will the city have a skyline of empty ghost apartments?

Read more at: THE SEATTLE TIMES.

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