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Seattle rent: There’s a light at the end of the tunnel

CURBED SEATTLE (January 12, 2018) – Across the Seattle metro, typical rent was $1,723 in the fourth quarter of 2017, according to a quarterly report by data and analytics firm Realpage. That’s slightly down from the previous quarter—3.2 percent—but before renters jump for joy, it’s up a similar amount year over year.

The Seattle Times called it the biggest quarterly decrease of the last decade, and predicted that the trend will continue. Part of that: New apartments are coming online, with nearly 14,000 units under construction right now, according to Realpage.

Read more here.

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