Up Close and Local: Seattle Market Update
Now Available On Demand
The pandemic and resulting recession brought Seattle apartment demand to nearly a halt in 2020, with occupancy sliding a little and rents dropping quite a bit. However, the loss of momentum wasn’t universal across neighborhoods or product niches, as some areas continued to perform reasonably well. Moving on into 2021, the metro is also having to contend with a sizable bump in new apartment deliveries.
Join RealPage Chief Economist Greg Willett and Data Scientist Arben Skivjani for an examination of apartment market fundamentals in Seattle.
Discussion topics include:
- Apartment construction trends and demand influences\
- Momentum across the urban core, high-end suburbs and neighborhoods with more moderate pricing
- A messy political environment where rent control and even rent strikes are widely discussed
- Investor interest in the local apartment base
Greg facilitates the alignment of the firm’s technology and analytics solutions with rental housing sector needs and opportunities. He is well versed on rental housing market fundamentals and activity nationally, by metro and in individual neighborhoods. Greg is active in industry organizations such as the National Multifamily Housing Council, the Urban Land Institute and the National Apartment Association. He provides commentary for national and local business media.
Arben SkivjaniDeputy Chief Economist & Data Scientist, RealPage, Inc.
Arben Skivjani serves as a Deputy Chief Economist and Data Scientist for RealPage, Inc. His primary focus is on forecasting and econometric modeling, economic impact studies, reporting and analysis of macroeconomic trends that affect the multifamily industry. Prior to joining RealPage, Arben worked for several government and private sector entities, including the District of Columbia Department of Employment Services, Center for Business and Economic Development at the University of Alabama and Camoin Associates in Upstate New York.
Arben is heavily involved in the Dallas/Fort Worth Association for Business Economics where he currently serves as Vice President and is a member the National Association for Business Economics.
Arben holds a master’s degree in economics from The University of Alabama.